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Block of flats
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, comprises four leasehold apartments and a studio flat, all situated within a five-minute walk of the town center. The properties, formerly stable buildings from the historic Windmill Inn, offer a unique blend of original Tudor features and modern amenities. The apartments are currently generating a steady income, with tenants in place for several years, and offer potential for future growth through freehold enfranchisement and conversion or subdivision. The property's investment potential is strong, with an annual gross income of £37,200, which could increase to £38,400 with market-rate rents. With its central location, historic charm, and rental income, this property presents a valuable addition to any investor's portfolio.