6 bedroom block of apartments for sale
Key information
Property description & features
- Tenure: Freehold
- A Grade II listed block of Five flats
- A detached one bedroom bungalow
- Possible development potential
- Town centre location
- Car park to the rear and front.
- Income of £55,992 pa.
- Guide price: £499,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 11:00am, Wednesday 12th February 2025
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 12TH FEBRUARY 2025 AT 11:00AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
An imposing Grade II listed house comprising six flats with detached bungalow and large car park at the rear.
Coming to market for the first time after fifty years, this striking C19th, Grade II listed house overlooks the River Welland and Ascoughfee gardens in the centre of Spalding. It has been converted in to six, large, one-bedroom flats (four at the front of the building with river views, and two at the rear). There is a one bed, detached bungalow and extensive parking in the grounds. All flats and the bungalow are fully let, except for flat 2, currently in the process of being re-let. When fully occupied, this provides a rental income of £55,992 pa. The two large flats in the rear extension, offer further potential to convert in to four studio apartments, subject to planning permission, with permission already granted to replace all windows in this extension. This project is underway, with four new windows installed in the last year. New consumer units have also been installed in all flats, with flats 4 and 5 being completely re-wired in the last two years. The block has a well-maintained fire safety and emergency lighting system throughout.
The bungalow has a small patio garden, and was completely rebuilt, rewired and re-roofed in 2010. It lies in Spalding’s conservation area. It is accessed from the rear of the main block of flats, or from Orchard Street. Orchard street also gives access to the car park (for 10 cars). The total site is approximately 0.16 acres.
Spalding provides numerous shops and recreational facilities together with a rail link into Peterborough and London Kings Cross.
Flat 1a Kitchen, lounge, bedroom, bathroom. Front door with steps leading to London Road
Back door leading to rear of building.
Flat 1 Hall, kitchen, lounge, bedroom, bathroom. French doors to patio and leading to car park.
Front door accessed from communal area.
Flat 2 Hall, lounge with bay window, kitchen, bedroom, bathroom. Front door accessed from raised ground floor.
Flat 3 Hall, lounge, kitchen, bedroom, bathroom. Front door accessed from 1st floor.
Flat 4 Hall, lounge with bay window, kitchen/ breakfast room, bedroom, bathroom. Front door accessed from 2nd floor.
Flat 5 Hall, lounge with bay window, Kitchen/ breakfast room, bedroom, bathroom. Front door accessed from 3rd floor.
Bungalow Hall, lounge, kitchen /breakfast room, bedroom, bathroom. Patio garden.
Outside. Parking to front and a car park at the rear.
Council Tax A
Tenure: Freehold
EPC Rating: Please refer to Legal Pack
Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Buyer's Premium Fee: £1200 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Places of interest
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