- VIDEO VIEWING AVAILABLE
- Freehold property arranged as two self-contained flats
- Two bedrooms to each flat
- Ground-floor flat with separate bathroom and WC
- Refurbishment and improvement works required
- Excellent opportunity for a landlord investor or developer
- Estimated rental value of approximately £500 pcm per flat
- Potential combined rental income of £12,000 per annum
- Potential gross rental yield of approximately 12.6% at the £95,000 asking price
2 Bedroom Block of Apartments for sale in Cleethorpes
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An excellent opportunity for a landlord investor or developer to acquire this freehold mid-terraced property, which has been converted to provide two self-contained two-bedroom flats. The property occupies a convenient and well-established position on Grimsby Road, providing easy access to the centres of both Cleethorpes and Grimsby. A good selection of local shops and everyday amenities can be found nearby, together with regular public transport services and convenient road links throughout the surrounding area. The ground-floor flat comprises a living room, kitchen, two bedrooms, bathroom and separate WC. The first-floor flat is independently arranged to provide a living room, kitchen, two bedrooms and bathroom. Although the property requires a programme of refurbishment and general improvement, it offers considerable potential to create two attractive rental units in an area where accommodation of this nature should prove popular. Once refurbished, each flat is estimated to achieve a rental income in the region of £500 per calendar month, producing a potential combined income of £1,000 per calendar month or £12,000 per annum. Based upon the asking price of £95,000, the estimated rental income would represent a potential gross rental yield of approximately 12.6%. The property is being sold freehold and represents a competitively priced opportunity for purchasers seeking a refurbishment project with strong income-producing potential.
Important Information
- This is a Freehold property.
- This Council Tax band for this property is: A
- EPC Rating is D
Property Ref: a2b2b3f1-3501-4353-bd59-c059f1318aba
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