8 bedroom apartment for sale
Key information
Property description & features
- Tenure: Freehold
- Block Of Self Contained Studio Apartments
- Up To 10 Self Contained Units
- Currently Vacant But An Excellent Investment
- Bustling Market Town Of Boston In Lincolnshire
- Excellent Local Amenities
- Requiring A Little Refurbishment
- Estimated Rental If Fully Let In The Region Of £52,000 PA
- Investment Yield Of Circa 11.5%
This is a 3 storey block of 8 self contained studio flats with ancillary office and a caretakers flat which provides a total of potentially 10 studio flats. The building is currently vacant and does require a little refurbishment but is estimated this would generate an annual income of circa £52,000 if modernised and fully let representing an investment yield of circa 11.5%.
The block is located on Union Street in Boston which is a popular and bustling Market Town in Lincolnshire with excellent local amenities nearby.
AN EXCELLENT INVESTMENT OPPORTUNITY.
Rooms
Ground Floor
Communal Entrance Hall
With stairs to first and second floor and a rear entrance door to garden.
Studio Flat 1
Entrance Hall
Living Room/Kitchen
4.27m maximum x 4.61m - With radiator and two timber double glazed window units. The kitchen area is partially tiled and has a selection of wall and base units incorporating a sink unit with drainer and electric point for cooker. Storage cupboard.
Shower Room
Tiled having a low-flush w.c., pedestal basin and an extractor. Shower cubicle.
Studio Flat 2
Entrance Hall
Living Room/Kitchen
4.67m maximum x 4.25m - With two timber double glazed window units. Radiator. The kitchen area is partially tiled and has a selection of wall and base units incorporating a sink unit with drainer and electric point for cooker.
Shower Room
Having shower cubicle with glazed door and shower, pedestal basin and low-flush w.c.
Studio Flat 3
Living Room/Kitchen 4.68m x 4.23m
With two timber double glazed window units and radiator. The kitchen area is partially tiled and has a selection of wall and base units incorporating a sink unit with drainer and an electric point for cooker.
Shower Room
Having shower cubicle with glazed door and shower, pedestal basin and low-flush w.c.
Office - Studio Flat 9
Living Room/Bedroom 4.24m x 2.8m
With two timber double glazed window units.
Separate Kitchen 2.57m x 2.25m
Partially tiled and fitted with a sink unit and drainer.
W.C.
Fitted with w.c.
First Floor
Landing
With stairs to second floor having uPVC windows to front and rear.
Studio Flat 4
Living Room/Kitchen 4.69m x 4.29m
With two timber double glazed window units and radiator. The kitchen area is partially tiled and has a selection of wall and base units incorporating a sink unit with drainer and electric point for cooker.
Shower Room
Having shower cubicle with glazed door and shower, pedestal basin and low-flush w.c.
Studio Flat 5
Living Room/Kitchen
4.69m maximum x 4.27m maximum - Being L-shaped having timber double glazed window unit, uPVC double glazed window unit and a radiator. The kitchen area is partially tiled and has a selection of wall and base units incorporating a sink unit with drainer and electric point for cooker.
Shower Room
Having shower cubicle with glazed door and shower, pedestal basin and low-flush w.c.
Studio Flat 6
Living Room/Kitchen 4.69m x 4.25m
With two timber double glazed window units and a radiator. This flat needs a new kitchen.
Shower Room
Having shower cubicle with glazed door and shower, pedestal basin and low-flush w.c.
Caretakers Flat - Studio Flat 10
Living Room 4m x 2.99m
With two timber double glazed window units and a radiator.
Kitchen 2.74m x 2.11m
Partially tiled and fitted with a selection of wall and base units incorporating a sink unit with drainer. Radiator. Timber double glazed window unit and plumbing for a washing machine.
Bedroom 1 3.99m x 2.91m
With two timber double glazed window units and a radiator.
Bedroom 2 2.74m x 2.08m
With timber double glazed window unit and a radiator.
Bathroom
With panelled bath, low-flush w.c. and pedestal basin. Radiator and extractor.
Second Floor
Landing
Airing cupboard containing the central heating boiler and hot water cylinder. There is also a separate large storage cupboard off.
Studio Flat 7
Entrance Hall
With storage cupboard.
Living Room/Kitchen
5.85m maximum into bay x 3.29m - With two timber double glazed window units and a radiator. The kitchen area is partially tiled and has a selection of wall and base units incorporating a sink unit with drainer and electric point for cooker.
Shower Room
Having shower cubicle with glazed door and shower, pedestal basin and low-flush w.c.
Studio Flat 8
Living Room/Kitchen
4.28m maximum x 7.23m maximum - With timber double glazed window units, timber double glazed "Velux" roof light. Radiator. The kitchen area is partially tiled and has a selection of wall and base units incorporating a sink unit with drainer and electric point for cooker.
Shower Room
Having shower cubicle with glazed door and shower, pedestal basin and low-flush w.c.
Gardens
Communal gardens to the rear.
Parking
There is one allocated car parking space under the carport to the side of the property.
Council Tax Band A (Each Flat)
This information was obtained on the 20th June 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
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 24, 2021
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area
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