An excellent opportunity to purchase two self contained flats close to Cleethorpes town centre with excellent local amenities nearby. A perfect investment as both flats are currently let on Assured Shorthold Tenancy Agreements. The passing rent is £475 for flat A per calendar month and £580 per calendar month for flat B which equates to an annual income of £12,660 at a yield of 7.91%. Each of the flats are well presented and have modern kitchens and bathrooms with gas fired central heating and uPVC double glazing. The first floor flat is a one bedroomed accommodation and has a driveway at the front providing off-road parking and the ground floor flat is a two bedroomed flat with parking to the rear. The property is being sold as a whole or potentially would consider selling each flat individually.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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