Collingham, Newark

This freehold property presents a solid investment prospect in the Collingham conservation area, comprising four self-contained flats with assured shorthold tenancies and a leasehold flat with 88 years remaining. Currently generating a gross annual income of £21,600, this property offers versatile accommodation that has the potential for enhancement through renovation. Each flat varies in size, providing spacious living options that could benefit from modern updates to boost rental yields and overall appeal. Additionally, there is an external garage block and adjacent land that holds development potential, subject to necessary planning approvals. The attractive location is within walking distance of local amenities such as schools, shops, and transport links. With some thoughtful refurbishment, this property could be transformed into a more desirable asset within this sought-after region.