Summary - ELECTRICITY SUB STATION W OF NORTHGATE PRECINCT, CLIFF TERRACE PE36 5AF
7 bed 7 bath Apartment
**Key Features:**
- Seven-bedroom apartment split into seven flats and one commercial unit (currently a barbershop).
- High potential gross yield of 10.75% at the asking price of £479,950.
- Located in the heart of popular seaside town, Hunstanton.
- Former Victorian hotel, offering period charm with contemporary income-generating opportunities.
- All units currently tenanted, generating an annual income of £51,600.
- Access: three flats with street-level access, four via communal staircase.
This investment property blends charm and income potential, ideally situated in the bustling High Street of Hunstanton. With a unique mix of seven residential flats and a commercial barbershop, this Victorian-era building not only reflects historical elegance but also promises a lucrative return with current tenants in place. The property’s total gross yield of 10.75% positions it as a compelling choice for savvy investors.
While the property is currently maintained and let, prospective buyers should be mindful of future renovations or updates that may enhance both income and living conditions. The central location provides immediate access to an array of local amenities, contributing to its appeal for tenants and future residents alike. Given the demand in this desirable seaside market, this opportunity should not be overlooked—prompt viewing is recommended to secure this unique investment before it's gone!
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