An exciting chance to acquire a purpose-built block of eight self-contained one-bedroom apartments, arranged as a mix of ground floor, first floor, and maisonette-style layouts. The building itself enjoys a charming cottage-style design enclosing a private courtyard, giving the development real character and kerb appeal – a rare find in this sectorThe property has already undergone significant refurbishment, with new kitchens, shower rooms, electrics, lighting, and decoration completed throughout. Please note: one apartment still requires a kitchen to be installed, while seven require flooring, and the external grounds need clearing. These are the main works outstanding, although buyers should satisfy themselves as to what further works may be necessaryOnce complete, the block will provide modern, ready-to-let accommodation perfectly suited to meet the strong local demand for one-bedroom properties in Brigg and the wider DN20 area. With excellent transport links and proximity to local amenities, these units are ideally positioned for both the rental and resale markets.Based on comparable properties in the area, we would expect the apartments to achieve in the region of £650–£700pcm each, giving a total potential rental income of £62,400–£67,200 per annum. These figures are provided as a guide only and will of course depend on market conditions at the time of letting.This is a genuine turnkey investment project with the potential for strong rental yields and future capital appreciation. Rarely does an entire block come to market in such an advanced stage of refurbishment, especially one with such an attractive cottage-style setting and enclosed courtyard, offering investors the chance to step in and complete the works to their own specification.To be sold strictly as seen, with no further works undertaken by the seller.
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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