Princes Avenue, Grimsby... Apartment for sale

If you are a property investor and are looking to increase your portfolio then we have an attractive proposition for you.
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.

Founded in 1920, Jackson Green & Preston is Grimsby and Cleethorpes largest and best known local Estate Agency, with 100 years experience in the property market. In 2011, on the retirement of the Partners in Goudes Chartered Surveyors, we acquired their very successful Lettings and Management Department, reinforcing our position as one of Grimsby's premier Management Agents. In 2016, following the retirement of the principal of Bacons Property Management, we were again approached and offered the opportunity to further enhance our position as Grimsby’s leading lettings specialist by acquiring Bacons Property Management. We have two offices, both situated in Town centre locations, each having excellent window displays. Well laid out and smartly furnished, the offices have a warm and welcoming atmosphere, and our friendly staff are always on hand to offer assistance and advice.

Apartment for sale

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