Kings Road, Immingham, Lincolnshire, DN40

Jackson, Green and Preston are delighted to offer to Landlord investors this excellent investment opportunity located on Kings Road in Immingham.
Formerly two terrace houses that have been converted to provide three self contained, one bedroom flats. Each of the flats has undergone an extensive scheme of modernisation and refurbishment and each have modern kitchens and bathrooms, double glazing and independent gas central heating systems.
This would make an excellent addition to a letting portfolio and we envisage a high degree of interest in these properties and therefore early viewing is highly recommended.
We would anticipate a gross rental income for this once fully occupied to be in the region of £13500 per annum (£375 per calendar month per flat) representing a yield of 11.25% at the current asking price.
THIS IS AN OPPORTUNITY NOT TO BE MISSED.

19 Kings Road

Ground Floor

Living Room 20'4" x 12'3" (6.2m x 3.73m). With radiator, uPVC double glazed window unit and uPVC double glazed entrance door.

Inner Hallway    With tiled flooring. uPVC double glazed door to rear.

Bedroom 18'6" x 12'2" (5.64m x 3.7m). With radiator and uPVC double glazed window unit. Storage cupboard containing the "Potterton" gas central heating boiler.

Kitchen 12'3" x 5'8" (3.73m x 1.73m). With tiled floor and fitted with a selection of modern base units incorporating a sink unit with drainer and mixer tap and having integrated electric oven and hob. Radiator. uPVC double glazed window unit.

Bathroom    Tiled floor and fitted with an attractive modern white three piece suite comprising panelled bath with mixer tap and shower attachment, hand basin set in a vanity unit and low-flush w.c. Two uPVC double glazed window units.

Separate W.C.    Pedestal basin and low-flush w.c. Tiled floor and extractor.

19B Kings Road

Ground Floor

Entrance Hall    With stairs to first floor accommodation.

Bathroom    Fitted with an attractive white three piece suite comprising panelled bath (bath with shower over and glazed shower screen), hand basin set in vanity unit and low-flush w.c. Gas fired central heating combination boiler. Plumbing for an automatic washing machine. uPVC double glazed window unit.

First Floor

Kitchen 11'8" x 7'3" (3.56m x 2.2m). Partially tiled and fitted with a selection of wall and base units incorporating a sink unit with drainer and mixer tap and having integrated electric oven and gas hob. Radiator and two uPVC double glazed window units.

Living Room 14'7" x 12'7" (4.45m x 3.84m). With a radiator and uPVC double glazed window unit.

Bedroom 12'7" x 12'6" (3.84m x 3.8m).

Gardens    There is a communal garden to the rear.

20 Kings Road    Accessed via the passage way from Hawthorne Avenue.

Ground Floor    With uPVC double glazed entrance door. Stairs to first floor accommodation.

Living Room 14'6" x 12'3" (4.42m x 3.73m). With radiator and uPVC double glazed window unit.

Bathroom    Fitted with an attractive suite comprising a panelled bath (bath with shower over), pedestal basin and low-flush w.c. Heated towel rail. uPVC double glazed window unit and plumbing for an automatic washing machine.

First Floor

Kitchen 11'10" x 7'1" (3.6m x 2.16m). Partially tiled and fitted with a good selection of modern wall and base units incorporating a sink unit with drainer and mixer tap and having integrated electric oven. Radiator. uPVC double glazed window unit and a gas fired central heating combination boiler.

Bedroom 12'4" x 12'1" (3.76m x 3.68m).

NOTE    This should be an excellent investment opportunity with anticipated rental income when fully let of circa £13500 per annum. This represents a yield of 11.25% on the current asking price.

Tenure    The current owner will also be selling the freehold of the building. Each flat has an individual lease. All interested parties are advised to make their own enquiries.

Council Tax Band A For Each Flat    This information was obtained on the 10th July 2020 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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