St Catherines Road, Grantham

Detached House for sale in Grantham

**INVESTMENT OPPORTUNITY** 5 LUXURY APARTMENTS ** 1,2 & 3 BEDROOMS ** CONVERTED TO A HIGH SPECIFICATION ** INTERCOM & VIDEO SECURITY ** CENTRAL LOCATION ** OVERLOOKING RIVER ** VICTORIAN TOWNHOUSE ** OFF ROAD PARKING ** VIEWING HIGHLY RECOMMENDED **

This is an interesting investment opportunity to purchase what would originally have been a pair of attractive Victorian bay fronted homes which were converted into five apartments that with full occupancy have been generating approximately ?40,000 per annum in gross income.

When originally converted the apartments were refurbished to a high standard and have been well maintained since by a private landlord and combined provide accommodation approaching 3,700 sq.ft.

The apartments are laid out over four levels and comprise two ground floor/basement duplex apartments which offer a substantial level of internal accommodation, each in the region of 1,000 sq.ft. and benefitting from three bedrooms as well as access out into enclosed gardens at the rear. To the first floor there are two one bedroomed apartments and situated in the eaves is a well proportioned two bedroomed flat offering in the region of 624 sq.ft. of accommodation.

Each property benefits from fitted kitchens, modern bath/shower rooms, intercom video screen security access, key pad door entry, UPVC double glazing and electric heating.

As well as the internal accommodation the property occupies a particularly convenient location a short walking distance to the heart of the town and benefitting from an off road parking area to the front. The ground floor duplex apartments also benefit from gardens at the rear. The property affords a pleasant aspect across to the River Witham at the side as well as views across to a recreational ground on the opposing side of St Catherine's Road.

Grantham - The historic market town of Grantham offers a wide range of amenities including restaurants and cafes, shops and leisure facilities as well as highly regarded schools including the King's School (KGGS) and High School for Girls. In addition Grantham offers excellent road links via the A1 and A52 but also high speed rail link to London King's Cross in just over an hour.

Basement/Ground Floor Apartment 1 - A three bedroomed duplex apartment with initial communal entrance hall and access out into an enclosed garden at the rear.

Open Plan Kitchen/Dining Room - 4.67m x 2.95m (15'4" x 9'8") -

Sitting Room - 4.27m x 3.71m (14' x 12'2") -

Bedroom 1 - 3.96m x 3.48m (13' x 11'5") -

Bedroom 2 - 3.73m x 2.49m (12'3" x 8'2") -

Bedroom 3 - 2.87m x 2.69m (9'5" x 8'10") -

Cloak Room & Separate Fitted Bathroom - Having a three piece suite.

Basement/Ground Floor Apartment 2 - A three bedroomed duplex apartment with initial communal entrance hall and access out into an enclosed garden at the rear.

Open Plan Kitchen/Dining Room - 4.57m x 2.44m (15' x 8') -

Sitting Room - 3.84m x 3.76m (12'7" x 12'4") -

Bedroom 1 - 3.96m x 3.84m (13' x 12'7") -

Bedroom 2 - 3.78m x 2.59m (12'5" x 8'6") -

Bedroom 3 - 2.44m x 1.93m (8' x 6'4") -

Bathroom -

Apartment 3 - First floor apartment initially accessed at ground level through the main initial communal entrance door and staircase rising to its own private entrance hall; having an open plan living area to kitchen, one bedroom and bathroom.

Note: This flat is currently vacant.

Open Plan Living/Dining Kitchen - 4.06m max x 4.37m (13'4" max x 14'4") -

Bedroom - 3.86m x 2.62m (12'8" x 8'7") -

Bathroom -

Apartment 4 - First floor apartment initially accessed at ground level through the main initial communal entrance door and staircase rising to its own private entrance hall; having a kitchen, sitting room, one bedroom and bathroom.

Kitchen - 2.95m x 1.68m (9'8" x 5'6") -

Sitting Room - 3.86m x 4.04m (12'8" x 13'3") -

Bedroom - 3.86m x 3.76m (12'8" x 12'4") -

Bathroom -

Apartment 5 - Initially accessed at ground level through the main initial communal entrance door and staircase rising to the second floor penthouse apartment situated in the eaves; having pitched ceilings and comprising entrance hall, kitchen/breakfast room, sitting room, two bedrooms and a bathroom with utility room off.

Breakfast Kitchen - 4.88m x 2.44m (16' x 8') -

Sitting Room - 5.00m x 5.05m (16'5" x 16'7") -

Bedroom 1 - 3.53m x 2.46m (11'7" x 8'1") - Having walk in wardrobe/dressing room off.

Walk In Wardrobe/Dressing Room - 2.03m x 1.37m (6'8" x 4'6") -

Bedroom 2 - 3.53m x 2.67m (11'7" x 8'9") -

Bathroom With Utility Space Off -

Council Tax Band - Each flat is rated A for council tax by South Kesteven Council.

Epc Ratings - Each apartment has a current Energy Performance Certificate with ratings as follows:
Flat 1 - E
Flat 2 - D
Flat 3 - E
Flat 4 - D
Flat 5 - E

Tenure - Freehold

Additional Notes - Each apartment has mains electric, water and drainage. Heating is electric. (information taken from Energy performance certificate and/or vendor).
As the apartments are occupied, access is limited. The internal photo's were taken in apartment three on the first floor but give an indication of the general fittings within the building but may not represent exactly each flat.

Additional Information - Please see the links below to check for additional information regarding environmental criteria (i.e. flood assessment), school Ofsted ratings, planning applications and services such as broadband and phone signal. Note Richard Watkinson & Partners has no affiliation to any of the below agencies and cannot be responsible for any incorrect information provided by the individual sources.

Flood assessment of an area:_
https://check-long-term-flood-risk.service.gov.uk/risk#

Broadband & Mobile coverage:-
https://checker.ofcom.org.uk/en-gb/broadband-coverage

Radon Gas:-
https://www.ukradon.org/information/ukmaps

School Ofsted reports:-
https://reports.ofsted.gov.uk/

Planning applications:-
https://www.gov.uk/search-register-planning-decisions

Property Ref: 34709290