Jackson, Green and Preston are delighted to offer to the market this superb investment opportunity.
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.
Ground FloorCommunal Entrance Hall With stairs to first and second floor and a rear entrance door to garden.
Studio Flat 1Entrance HallLiving Room/Kitchen 14' (4.27m) maximum x 15'1" (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 2Entrance HallLiving Room/Kitchen 15'4" (4.67m) maximum x 13'11" (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 3Living Room/Kitchen 15'4" x 13'11" (4.67m x 4.24m). 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 9Living Room/Bedroom 13'11" x 9'2" (4.24m x 2.8m). With two timber double glazed window units.
Separate Kitchen 8'5" x 7'5" (2.57m x 2.26m). Partially tiled and fitted with a sink unit and drainer.
W.C. Fitted with w.c.
First FloorLanding With stairs to second floor having uPVC windows to front and rear.
Studio Flat 4Living Room/Kitchen 15'5" x 14'1" (4.7m x 4.3m). 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 5Living Room/Kitchen 15'5" (4.69m) maximum x 14' (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 6Living Room/Kitchen 15'5" x 13'11" (4.7m x 4.24m). 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 10Living Room 13'1" x 9'10" (4m x 3m). With two timber double glazed window units and a radiator.
Kitchen 9' x 6'11" (2.74m x 2.1m). 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 13'1" x 9'7" (4m x 2.92m). With two timber double glazed window units and a radiator.
Bedroom 2 9' x 6'10" (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 FloorLanding Airing cupboard containing the central heating boiler and hot water cylinder. There is also a separate large storage cupboard off.
Studio Flat 7Entrance Hall With storage cupboard.
Living Room/Kitchen 19'2" (5.85m) maximum into bay x 10'10" (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 8Living Room/Kitchen 14'1" (4.28m) maximum x 23'9" (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 www.gov.uk/council-tax-bands
Property Management Are you a Landlord tired of dealing with your tenants?….Jackson, Green and Preston can provide a comprehensive management service and will be delighted to discuss your management needs. Please do not hesitate to contact our Property Management Department on Grimsby 311116 or by e-mail (rented@jacksongreenpreston.co.uk) for some informal advice. Further information is also available on our website at www.jacksongreenpreston.co.uk/info_landlords.php
Property To Sell Do you have a property to sell? For professional valuation advice, contact our Grimsby Office (01472 311120).
One of our experienced valuers will be happy to provide a free marketing appraisal of your property.
Surveys Should you decide to buy a property not available for sale through our Agency, Jackson Green and Preston offer a range of independent valuations and surveys all carried out by fully qualified Chartered Surveyors.
To discuss your survey needs, please contact our Survey Department on 01472 311120.
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.
www.environmentagency.gov.uk
www.hpa.org.uk
www.nelincs.gov.uk
www.northlincs.gov.uk
www.e-lindsey.gov.uk
www.landregistry.gov.uk
www.gov.uk/council-tax-bands
Mortgage Advice We are pleased to be able to introduce all of our clients to the UK's largest FEE FREE broker. In addition to being able to access hundreds of mortgages from over 80 lenders, any customer referred through our Agency also has the added benefit of FREE BUYERS INSURANCE for their onward purchase. For more details, please contact our office on 01472 311 113
https://www.landc.co.uk/online/mortgage-finder?icid=2123
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This is a Freehold property.
