10 bedroom block of apartments for sale

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10 bedroom block of apartments for sale

Pett Level Road, Winchelsea, TN36
£600,000

Price History

Initial price £800,000
15/08/24 £700,000
19/10/24 £600,000
Price Change -25.00%

Description

White Lodge Court is a freehold block of six apartments, comprising four two-bedroom and two one-bedroom units, each with its own entrance. The properties are currently let, generating a gross yield of 5.2% per annum, but have the potential to achieve a higher yield if rents are increased to match current market rates. The block also features a conservatory area, six car parking spaces, and a gated side access to a rear garden. Located just a short distance from Winchelsea Beach and Rye Nature Reserve, the property is a popular destination for tourists and locals alike. With potential to convert the block into self-contained holiday lets, subject to obtaining the necessary permissions and adhering to regulations, this property offers a lucrative investment opportunity.