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NEW HOME

Field Street,Boston,PE21

£625,000
Reduced on 26/02/2021
Poyntons Consultancy Commercial, Lincolnshire Office
PROPERTY TYPE
House of Multiple Occupation
BEDROOMS
x12
SIZE
4,230 sq. ft.
(393 sq. m.)

Key features

  • Fully Licensed HMO Investment For Sale Freehold
  • Comprising Four Modern 3 Bedroomed Houses
  • Available with the Benefit of Existing Licence Holders
  • Accommodation Extending to a Total of 4,230sqft, 393sqm GIFA
  • 2019-2020 Occupancy Rate of 91%, Gross Income Approximately £69,100pa
  • ERV at 100% Capacity Approximately £75,480pa, Management Options Available

Property description

Tenure: Freehold

Location...
The historic market town of Boston is estimated to be one of the fastest growing towns in the East Midlands up to 2020, with a population of approximately 68,000 residents with a strong retail offering and a good range of local amenities.

Historically, the town has been linked with the port of Boston and the Hanseatic League of trading companies in the Baltic.

The properties are located close to the town centre, to the east of the A16 trunk road on Field street, which is a mixed residential area having housing, a small supermarket and other businesses nearby.

It is within easy walking distance of Asda and other supermarkets, and approximately 1 minute walk from Korzinka Taste of Europe supermarket and the John Adams Way Agricultural and Pack House pick up point.

Accommodation...
The properties are offered on a 'turnkey' basis with the accommodation arranged on the ground, first and second floors.

There are four separate pedestrian entrances from Field Street.

On the far left-hand side of the property
Ground Floor
With central access door, communal open-plan living/kitchen area, WC and storage cupboard.
First Floor
With two double bedrooms, bathroom.
Second Floor
With one double bedroom and en-suite shower room.

The remainder of the building is divided into three units, each with independent pedestrian access as follows
Ground Floor
With central access door, living room, kitchen/dining area, WC and cupboard.
First Floor
With two double bedrooms, bathroom.
Second Floor
With one double bedroom and en-suite shower room.

All rooms have independent, token operated electricity meters installed.

Outgoings and Management...
Full Terms of Engagement for the management of the property are available on request.

5 kilowatt of solar panels have been installed on the roof, generating electricity valued in the region of £1,250 per annum.

Income...
The rooms are offered to the market at rents in the region of £130 per week inclusive of all bills and licenced agreements.

A full breakdown of income is available on request.

Viewing...
All viewings are to be made by appointment through the agent.
Poyntons Consultancy.

Brochures

Brochure 1

Energy Performance Certificates

EPC 1EPC 2EPC 3EPC 4

Field Street,Boston,PE21

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Boston Station0.6 miles
  • Hubberts Bridge Station3.9 miles
Mortgages
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Market information
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About the agent

Poyntons Consultancy Commercial, Lincolnshire Office

Poyntons Consultancy Ltd - Commercial, 24,26 and 28, South Street, Boston, Lincolnshire, PE21 6HT

Poyntons Consultancy Commercial, Lincolnshire Office

Poyntons Consultancy offers advice on disposals, property acquisitions and property development across the following sectors: Retail, Industrial, Office & Business Parks, Hotels & Leisure and Residential.

As a property consultants agency we deliver exceptional results to a large and varied client base consisting of developers, investors, landlords and tenants.

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Disclaimer - Property reference FieldStreet. 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 Poyntons Consultancy Commercial, Lincolnshire Office. 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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