This residential flat investment property includes three individual flats spread across the lower ground, ground, first, and second floors. Each unit presents an opportunity for both immediate rental income and future enhancement through thoughtful renovation.
The property has seen some recent updates, including a complete re-wiring done approximately two years ago, as well as a modern fire alarm system in place, ensuring compliance with safety regulations. Currently generating a rental income of £15,480 per annum, it offers a stable return while also allowing for further financial growth.
One of the standout features is the potential to develop the lower ground floor area. With appropriate planning permissions (subject to planning), this space could be transformed to increase overall rental yield significantly.
Located conveniently near the Promenade and local amenities, the property is positioned in a desirable area that attracts tenants year-round. This combination of existing income and renovation potential makes it an appealing investment opportunity for those looking to maximize their return in a vibrant community setting.
