Apartment for sale
Key information
Property description & features
- Tenure: Freehold
- Video viewing available
- Calling all investors!
- 3 Self Contained Flats All Let On Assured Shorthold Tenancy Agreements
- Current Passing Rent £12,240 Per Annum
- Potential For Increase In Rent
- Current Investment Yield Of 8.16%
- Must Be Viewed
Jackson, Green and Preston are delighted to offer to the market 7 Princes Avenue in Grimsby which is a spacious mid-terrace town house that has been converted to provide three self contained flats.
Each flat is currently let on an Assured Shorthold Tenancy Agreement at a passing rent of £340 per calendar month which equates to an annual rental income of £12,240, representing a current investment yield of circa 8.16%.
In the Agents opinion, there is potential for a further increase in the rental value which would make this an even more attractive investment opportunity.
Each of the flats have their own separate access, double glazing and independent electric heating systems. We understand the owners have all the current required certification for letting and this would therefore be a straight forward transfer of landlord.
Rooms
Flat 1
Ground Floor
Entrance Hall
Living Room 4.29m x 4.16m
With laminate flooring, coving, picture rail, useful under stairs storage cupboard, electric heater and uPVC double glazed bay window.
Bedroom 1 3.91m x 3.67m
With electric storage heater, laminate flooring, coving, picture rail and uPVC double glazed window unit.
Kitchen 3.55m x 2.63m
Partially tiled and fitted with a selection of wall and base units incorporating a sink unit with drainer and mixer tap and having plumbing for washing machine. uPVC double glazed entrance door and side screen.
Shower Room
With partially panelled walls and having shower cubicle with glazed door and shower, low-flush w.c. and a hand basin. uPVC double glazed window unit.
Flat 2
Ground Floor
Entrance Hall
With stairs to first floor accommodation.
First Floor
Landing
With picture rail.
Living Room 4.3m x 3.62m
With picture rail, electric heater and uPVC double glazed window unit.
Bedroom 3.91m x 3.68m
With electric heater and uPVC double glazed window unit.
Kitchen 4.34m x 1.86m
With selection of wall and base units incorporating a sink unit drainer and mixer tap and having electric oven and hob. Breakfast bar. Plumbing for washing machine. uPVC double glazed window unit.
Bathroom
Fitted with a white three piece suite comprising panelled bath with shower over, pedestal basin and low-flush w.c. uPVC double glazed window unit. Hot water cylinder.
Flat 3
Flat 3 is accessed via the rear of the property and is a duplex apartment.
Ground Floor
Entrance Hall
With stairs to first floor accommodation. uPVC double glazed leaded window unit.
Kitchen 2.87m x 2.61m
Partially tiled and fitted with a selection of wall and base units incorporating a sink unit with drainer and having electric point for cooker and plumbing for a washing machine. Two uPVC double glazed window units.
Inner Lobby
With useful under stairs storage cupboard containing the hot water cylinder.
Shower Room
With tiled floor and fitted with a low-flush w.c., pedestal basin and a shower cubicle with glazed door and shower. Extractor. uPVC double glazed window unit.
First Floor
Living Room 4.56m x 2.62m
With two electric storage heaters. Two uPVC double glazed window units.
Bedroom 3.55m x 2.68m
With electric storage heater. uPVC double glazed window unit.
Driveway
There is a driveway providing off-road parking for a number of vehicles.
Gardens
There is gardens to the front and the driveway to the rear.
NOTE
This property is privately managed by the current owner and we understand that all statutory requirements in respect of letting have been complied with. We recommend purchasers satisfy themselves prior to entering a contract of purchase.
Council Tax Band A (Each Flat)
This information was obtained on the 20th February 2023 and is for guidance purposes only. Purchasers should be aware that the banding of the property could change if information is brought to light that makes it clear to the Valuation Office Agency that an error was made with the original allocation.
Additionally, there may be circumstances when the Council Tax can be altered on change of ownership.
All interested parties are advised to make their own enquiries. See
Sources Of Useful Information
Purchasers may find the following websites useful in providing additional information in respect of the property and the immediate surrounding area.
Mortgage Advice
We are pleased to be able to introduce Toni Cressey Mortgage Advisers who we recommend for Independent Mortgage Advice for any of our clients looking to purchase their first home, new home or investment property.
They have a team of advisers that are able to help and advise you on the most suitable mortgages available for you taking into account your own particular needs and circumstances. They will help and guide you through the whole mortgage and home buying process, ensuring best advice is given at all times. Buying a new home is one of the most important financial decisions you will make so it is vital that you get the help and advice you need at the earliest opportunity.
No fee is charged for this independent mortgage advice, which is provided under no obligation. There may however be a fee payable should you proceed with a mortgage application. The actual amount you pay will depend upon your own circumstances and requirements and typically our application fee will (truncated)
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