£95,000

Block of flats for sale

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Fixed price

£95,000

(£99.16/sq. ft)

Block of flats for sale

51 High Street, Spilsby PE23

958 sq. ft

Local area information

Property location

Nearby amenities

  • Spilsby Primary School 0.2 miles
  • King Edward VI Academy 0.3 miles
  • Thorpe Culvert 5.5 miles
  • Wainfleet 7.4 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

Investment Consideration:
Gross Initial Yield: 7.90%
Rental Income: £7,500 p.a.
VAT is not applicable to this property
Comprises self-contained two-bedroom flat, newly refurbished in May 2023
New kitchen, carpet and flooring, boiler, doors, electric wiring and lights installed
Located in the heart of the town centre with occupiers nearby including Café`s, Restaurants, Pubs, Pharmacy and many more.

Property Description:
Comprises first floor flat with separate access from Queen Street. The property has been newly refurbished in May 2023 to a high standard and provides the following accommodation and dimensions:
First Floor: 89 sq m (958 sq ft)
2 Bedrooms, Living Room, Kitchen, Bathroom
-New combi boiler
-New kitchen and bathroom tiles
-New doors -New lights
-New electric wiring
-New carpet and flooring throughout

Tenancy:
The flat is at present let on AST to an Individual for a term of 12 Months from 4th July 2023 at a current rent of £7,500 p.a. Deposit held of £625.

Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.

Location:
Spilsby is a market town positioned towards the east of Lincolnshire, located approx. 15 miles north of Boston and approx. 25 miles east of Lincoln. The property is located in the heart of the town centre with occupiers nearby including Café`s, Restaurants, Pubs, Pharmacy and many more.

There are some planning applications within 0.5 miles of this home

Blurred out There are some planning applications within 0.5 miles of this home information

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Property descriptions and related information displayed on this page are marketing materials provided by - Blue Alpine Partners. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Lincolnshire
  4. Spilsby
  5. High Street

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