3 Boston Road, Holbeach, Spalding, Lincolnshire, PE12 7LR

DESCRIPTION:
A substantial, freehold, mixed use premises. Fully Renovated. Ten bedroom HMO, two commercial units, self contained flat. Producing £72,116 rental income, combined, per annum. Gross yield, circa 18.25%.

Currently 2 HMO rooms, are vacant. Fully let, a further potential income of £12,000 per year is available.

Full property management service available by request. Please call 0800 448 0100.

ACCOMMODATION:
Ground Floor:
2 Commercial Units with Kitchenette.
1 Self Contained Flat with Kitchen, Reception, Bedroom, Ensuite.
2 HMO, Bedrooms with En-Suites.
1 Kitchen.

Courtyard and Garden.

First Floor:
5 HMO Bedrooms, En-suite
2 Seperate, shower rooms
3 HMO Bedrooms with the use of communal kitchens.
Utility Room.
Kitchen

All HMO rooms, let on six month, AST. 
B – £498.00 per month started 26/10/22
C – £477.00 per month started 10/09/21
E – £520.00 per month started 12/5/22
F – £542.00 per month started 15/7/22
G – £563.00 per month started 29/4/22
H – £542.00 per month started 29/4/22
J – £477.00 per month started 17/6/22
K – £607.00 per month started 9/9/22

Self contained flat – £600pcm started 5/8/22

Unit 1 – £433pm started 30/8/22 Commercial lease (duration six months)
Unit 2 – £750pm 5 year Commercial Lease, expires 28/4/2027.

Producing £72,096 combined per annum. Gross yield, circa 18.25%.

LOCATION:
Within the Market Town of Holbeach, and civil parish in the South Holland District in Lincolnshire, England. The town lies 8 miles from Spalding; 17 miles from Boston; 20 miles from King’s Lynn; 23 miles from Peterborough; and 43 miles by road from Lincoln. It is on the junction of the A151 and A17.

Spalding is a market town on the River Welland in the South Holland district of Lincolnshire, England. The town had a population of 31,588 at the 2011 census. The town is the administrative centre of the South Holland District. The town is located between the cities of Peterborough and Lincoln.

VIEWING:
By appointment only.

TENURE:
Freehold.

UNCONDITIONAL LOT:
Auction Fees apply upon the fall of the gavel. The Purchaser shall pay a deposit of 5% (or minimum £5,000) and auction fees as per the legal pack as contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 or 42 days following the auction (unless otherwise stated).