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Merrin Court, Loughborough LE11 5 bed block of apartments for sale
Merrin Court, Loughborough LE11
£410,000
Merrin Court, Loughborough LE11
£410,000
Our Summary
- For greater detail on this property's investment potential, please see the Let Property Pack linked below
- INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
Description
This multi-unit property, located in Loughborough's cultural quarter, consists of four former stable buildings from the historic Windmill Inn. The properties are leasehold, with a remaining lease term of 91 years, and include a 1/5 freehold share. The units are currently generating a steady income, with tenants in place for 14 years, and have potential for freehold enfranchisement under new legislation. The properties offer a mix of one, two, and three-bedroom units, with original features such as Tudor footings and flying freeholds. The annual gross income is £37,200, which could be increased to £38,400 with long-term tenants in place. This property presents a worthwhile investment opportunity for those looking to add to their portfolio.