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  • terraced house
  • bedrooms

Property photos

Property description

The Property Advantage is pleased to present this 9 bedroom, 6 bathroom HMO property with two commercial units on the ground floor. This is a brand newly refurbished property done to a high standard with energy-efficient additional features. The property is run off a solar PV 6.5 KW system. There is also wall insulation of all external walls with 70mm insulated plasterboard. Additionally, the property offers off-street parking.



The property is a fully compliant and licensed property. The Gross Income is £52,479.48 per annum and the Gross Yield is currently 11.66% with the potential to increase to 13.50% once the rents have been increased in August.



Location, location, location. The property is situated in the town centre. Local amenities are on the doorstep of the property, there is a local Tesco within a 3 minute walk (0.2 miles) and a Lidl a 5 minute walk away (0.3 miles). Transport links are also a stone's throw away within 0.6 miles and a 13 minute walk away.



Income;

*Please note- 2x retail units current income is £3600 per annum. However, with lease renewal due in August 21 an increase to between £8400 - £12000 per annum- this will be in line with local rates.



Room 1 - £476.66 / Room 2 - £433.33 / Room 3 - £433.33 / Room 4 - £433.33 / Room 5 - £476.66 / Room 6 - £433.33 /

Room 7 - £433.33 / Room 8 - £476.66 / Room 9 - £476.66

Retail - £300

Total; £4,373.29 PCM / £52,479.48 PA



Expenditure;

Gas - £20 / Electric - £150 / Water - £60 / Council Tax - £120 / TV License - £40 / Broadband - £50 /

Cleaner - £100 / Management - £400

Total; £940 PCM / £11,280 PA
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First listed

Over a month ago

Enegy Performance Certificate

9-11 Trinity Street, Gainsborough, Lincolnshire, DN21 2AL

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