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.
2 Commercial Units with Kitchenette.
1 Self Contained Flat with Kitchen, Reception, Bedroom, Ensuite.
2 HMO, Bedrooms with En-Suites.
Courtyard and Garden.
5 HMO Bedrooms, En-suite
2 Seperate, shower rooms
3 HMO Bedrooms with the use of communal kitchens.
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%.
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.
By appointment only.
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).