Wainfleet Road, SKEGNESS

This semi-detached freehold property, currently divided into four separate apartments, presents a solid investment opportunity in the coastal town of Skegness. With a current rental income of approximately £21,172 per year, there is notable potential to increase yields to around £26,400, making it attractive for both investors and those looking to enhance property value through renovations. The prime location offers easy access to essential amenities including the hospital, local shops, the seafront, and transport links such as the nearby railway station. Presently, all four apartments are tenanted; however, two units are set to vacate soon. This arrangement allows for immediate revenue while exploring various refurbishment strategies or even alternative development possibilities with the necessary planning permissions. Potential improvements could include modernising interiors to meet market demands and increasing unit rents effectively. Given its condition and potential for upgrades, this property is an exciting prospect for strategic buyers.