51A High Street, Spilsby, Lincolnshire, PE23
- PROPERTY TYPE
Flat
- BEDROOMS
2
- SIZE
958 sq ft
89 sq m
Key features
- Comprises self-contained two bedroom flat, newly refurbished in May 2023
- New kitchen, carpet and flooring, boiler, doors, electric wiring and lights installed
- Located in the heart of the town centre with occupiers nearby including Café`s, Restaurants, Pubs, Pharmacy and many more.
Description
Gross Initial Yield: 7.90%
Rental Income: £7,500 p.a.
VAT is NOT applicable to this property
Comprises self-contained two bedroom flat, newly refurbished in May 2023
New kitchen, carpet and flooring, boiler, doors, electric wiring and lights installed
Located in the heart of the town centre with occupiers nearby including Café`s, Restaurants, Pubs, Pharmacy and many more.
Property Description:
Comprises first floor flat with separate access from Queen Street. The property has been newly refurbished in May 2023 to a high standard and provides the following accommodation and dimensions:
First Floor: 89 sq m (958 sq ft)
2 Bedrooms, Living Room, Kitchen, Bathroom
-New combi boiler
-New kitchen and bathroom tiles
-New doors
-New lights
-New electric wiring
-New carpet and flooring throughout
Tenancy:
The flat is at present let on AST to an Individual for a term of 12 Months from 4th July 2023 at a current rent of £7,500 p.a. Deposit held of £625.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Location:
Spilsby is a market town positioned towards the east of Lincolnshire, located approx. 15 miles north of Boston and approx. 25 miles east of Lincoln. The property is located in the heart of the town centre with occupiers nearby including Café`s, Restaurants, Pubs, Pharmacy and many more.
Brochures
Property ParticularsTenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
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ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
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LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
999 years left
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
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51A High Street, Spilsby, Lincolnshire, PE23
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Thorpe Culvert Station5.5 miles
About the agent
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can a
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