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Bridge Road, Sutton Bridge, Spalding

£350,000
Added on 09/04/2021
Hill & Clark, Holbeach
PROPERTY TYPE
Terraced
BEDROOMS
×11
BATHROOMS
×3

Key features

  • Gross Annual Yield of 12.3%
  • 11 Bedrooms
  • Village Location
  • 2 Kitchens
  • 2 Shower Rooms
  • Installed Fire Alarm
  • Call for more details.

Property description

Tenure: Freehold



Set in the heart of Sutton Bridge, this is a perfect opportunity to purchase a licensed House of Multiple Occupancy (HMO) which currently offers a gross annual yield of 12.3% (when all rooms are occupied). Offering accommodation split over 4 levels, the property offers 11 bedrooms (all having a hand basin), a communal laundry area, 2 kitchens and 2 bathrooms. The property does benefit from some original features.

The property does benefit from all mains services and has a fire alarm system installed, which is regularly serviced. There is an outside space, which has a lawn and paved patio seating area. There is also a vehicular access to the rear of the property (via Wharf Street), which is gated and shared with 2 other properties.

Accommodation
The property offers accommodation set over 4 levels and offers 11 independant bedrooms, each with their own washing facilities. The remainder of the property offers a communal living area, 2 kitchens (on separate floors), 2 bathrooms (on separate levels) and a communal laundry area.

Outside
The property is set on the front boundary with a small low maintenance area set behind low level railings. To the rear, there is an enclosed garden which is mainly laid to lawn, with seating areas laid to a mixture of either paved patio or concrete. Vehicular access is gained to the rear (via Wharf Street), via a gated access to a shared driveway. There are a selection outside sheds (including a brick outhouse).

Services
The property is connected to all mains services. The property has a fire alarm throughout, which is regularly serviced.

Financial Information
When all rooms are occupied, the property returns an income of £830 per week, totalling £43,160 - giving an gross annual yield of 12.3%.

Location
Positioned in the heart of the popular village of Sutton Bridge, which is on the Lincolnshire/Norfolk border, the property is perfectly positioned for access to the nearby local amenities, including a couple of mini-convenience stores and doctors surgery.

Brochures

Particulars
Energy Performance Certificates

Bridge Road, Sutton Bridge, Spalding

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Kings Lynn Station8.8 miles
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About the agent

Hill & Clark, Holbeach

8 West End Holbeach Spalding PE12 7LW

Why you should consider using Hill & Clark.

Recognised as one of the leading independent Residential Sales and Lettings Agents in South Lincolnshire, Hill and Clark are committed to offering a high quality, professional service, whilst retaining a friendly and personal approach.

We have built up an enviable reputation for outstanding customer service whilst achieving the very best prices and yields for our clients in the shortest possible time.

As members of the National

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Disclaimer - Property reference HOL210059. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hill & Clark, Holbeach. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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