Crofts Estate Agents are delighted to offer to the market this fantastic opportunity for the discerning experienced landlord to add to their portfolio with a superbly converted former residential and commercial building into a block of 4 terraced bungalows and 5 apartments set over three storeys. With an annual return of approximately 6% this property comes fully tenanted and managed by Crofts Estate Agents with all properties on AST's. Positioned close to the redeveloped leafy peoples park and within easy walking distance of Grimsby Town centre the apartments are rarely vacant and thus providing a sound investment. Below find the current rental figures with an annual gross rent of £68, 344.92.
Flat One Two bedroom ground floor apartment with entrance hall, spacious kitchen breakfast conservatory room, lounge, en suite and family bathroom and allocated parking space.
Flat Two Two bedroom ground floor apartment with entrance hall, kitchen living dining room, bedroom en suite, second bedroom, bathroom and allocated parking space.
Flat Three Ground floor bungalow with kitchen diner living, two bedrooms and bathroom plus allocated parking space
Flat Four Ground floor bungalow with entrance hall, open plan kitchen diner living, two bedrooms, en suite shower room and family bathroom and allocated parking space.
Flat Five Ground floor bungalow with entrance hall, open plan kitchen diner living room, two bedrooms and family bathroom. Allocated parking space.
Flat Six Ground floor bungalow with entrance hall, open plan living diner kitchen, two bedrooms and family bathroom.
Flat Seven First floor flat with entrance hall, open plan kitchen diner living room, two bedrooms en suite shower room, bathroom and allocated parking space.
Flat Eight First floor flat with entrance hall, open plan kitchen diner living room, two bedrooms bathroom and family bathroom. Allocated parking space.
Flat Nine Penthouse second floor apartment with open plan kitchen living dining room, entrance hall, private staircase and family bathroom. Allocated parking space.
Communal grounds All flats share the communal grounds and parking area with allocated parking for each flat plus visitor spaces. There is also a communal entrance for flats 1, 2 7, 8 and 9. Outside there is a communal storage shed.
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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