An excellent investment opportunity comprising two one-bedroom flats - one vacant and one let producing £4,680 pa with potential for over £9,000 pa when fully let.

An excellent BTL investment opportunity in the form of a former three-bedroom mid-terrace house that has been now sympathetically converted into 2 x one-bedroom flats. Each flat has gas central heating, is part uPVC double glazed and has accommodation comprising of a lounge, kitchen, bedroom and bathroom. Externally there are gardens to both the front and rear. Whilst the ground floor flat is currently vacant, the first floor flat is LET on an assured shorthold tenancy producing £4,680 per annum. Total income possible when fully let is in excess of £9,000 pa.

Location

Corporation Road is an Established residential location that runs between the A16 and Boulevard Avenue in Grimsby DN31. Grimsby is a large town and sea port located in North East Lincolnshire on the south bank of the Humber estuary and in close proximity to the Lincolnshire Wolds which is an area of outstanding natural beauty. Boasting transport links to the A180, A46 and A16 and with direct rail links to Lincoln, Doncaster, Sheffield and Manchester.

Accommodation

Ground Floor Flat Lounge 3.92m X 3.43m , Kitchen 4.55m X 2.99m , Bedroom 3.78m X 3.02m , Bathroom 3.04m X 1.68m

First Floor

First Floor Flat Lounge 4.17m X 3.79m , Kitchen 2.84m X 2.92m , Bedroom 3.99m X 2.61m , Bathroom 1.67m X 1.98m

Council Tax

Council Tax is payable to the North East Lincolnshire Council. The flats are shown in the Council Tax Property Bandings List in Valuation Band A.

Services

Mains water, electricity, gas & drainage are believed to be connected. None of the services have been tested.

Tenure

Freehold. Please refer to the legal pack for full details. Possession is subject to the terms of the existing assured shorthold tenancy.

Viewings

Strictly by appointment with the auctioneers on 0845 400 9900 and subject to availability of the tenant with ample prior notice.

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

North East Lincolnshire Council

Solicitors

Squire Patton Boggs (UK) LLP, Squire Patton Boggs (UK) LLP, Rutland House, Birmingham, West Midlands, B3 2JR, Tel: 01212223393

Additional Fees

Buyer's Premium - The purchaser will be required to pay a buyer’s premium of 1.2% of the hammer price (1% plus VAT) subject to a minimum of £900 (£750 + VAT) in addition to the purchase price of the property.

Administration Charge - The purchaser will be required to pay an administration charge of £900 (£750 plus VAT).

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.