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Studio apartment for sale
BRIDGEHOUSE COURT, Skinningrove
£1,600,000
BRIDGEHOUSE COURT, Skinningrove
£1,600,000
Our Summary
- A READY MADE INVESTMENT OPPORTUNITY AVAILABLE TO ANYONE WISHING TO SECURE A STANDOUT QUALITY 'MULTI-UNIT' DEVELOPMENT SUITABLE FOR THE HOLIDAY LET OR CONTRACTOR MARKET IN THIS COASTAL VILLAGE / TOWN OF SKINNINGROVE
- A RARELY AVAILABLE LARGE SCALE SERVICED ACCOMMODATION INVESTMENT OPPORTUNITY
- A rarely available large scale serviced accommodation investment opportunity
Description
This investment opportunity in Skinningrove, a coastal village, offers a rare chance to secure a high-yielding "multi-unit" development suitable for holiday lets or contractors. The property is currently under a corporate lease, guaranteeing an annual return of £81,600, but this could be removed to allow the new owner to market and manage the properties themselves. With a potential gross yield of 21%, the full occupancy return would be around £335,000 per annum, although some voids are likely. The development consists of 11 units, including three 2-bedroom, five 1-bedroom, one 3-bedroom, and two 4-bedroom townhouses with gardens and garages. This ready-made investment opportunity presents a standout chance for anyone looking to secure a high-yielding property in a desirable location.