Spendmore Lane, Coppull, PR7 5DE 5 bed property for sale

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Spendmore Lane, Coppull, PR7 5DE 5 bed property for sale

Spendmore Lane, Coppull, PR7 5DE
£200,000

Price History

Initial price £225,000
02/05/25 £200,000
Price Change -11.11%

Description

This is a rare opportunity to purchase a block of three rental properties, including a ground floor apartment, a first floor apartment, and a ground floor retail unit, all with a combined rental income generating a gross return of 8.4%. The properties have a combined total of 8 bedrooms, 3 bathrooms, and 3 separate entrances. The ground floor apartment is currently tenanted, while the first floor apartment is vacant, and the retail unit is currently in use as a barber shop. All three properties have leaseholds with 855 years remaining, and no rent is currently being collected. The properties offer a lot of potential for investors looking to expand their portfolio or start their lettings journey.