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SOLD STC

Cecil Court, Gainsborough, DN21

£475,000
Added on 03/09/2019
Musson Liggins Limited, Nottingham
PROPERTY TYPE
Block of Apartments
SIZE
3,985 sq. ft.
(370 sq. m.)

Key features

  • 7 Tenanted Residential Units
  • Town Centre Location
  • Gross Yield 6.76%
  • Annual Income of £32,100
  • One car parking space per unit
  • Communal Area
  • Band A Council Tax

Property description

Location
The property is situated off Cecil Street within an established residential area of Gainsborough.
The immediate surrounding environs of Gainsborough are rural or semi-rural and a substantial number of smaller villages are within close proximity.
Gainsborough is situated on the River Trent within the West Lindsey District of. The town benefits form the popular retail complex of Marshalls Yard and is approximately 8 miles north west distance to Robin Hood Airport

Description
The subject property comprises a single two-storey block of residential units comprising of three independent blocks and a total of 7 residential units as follows
1x 2 bedroom house
5x 2 bedrrom flats
1x 1 bedroom flat
The properties internally have been constructed and fitted out to an equal specification and are of a similar size and nature. Each individual block benefits from its own communal area.
One car parking space per residential unit is provided.

Council Tax
All 7 units in Cecil Court are Band A £1,121.73 per annum

Price
£475,000

Terms
The premises are available for sale Freehold with the benefit of the existing Assured Shorthold Tenancies.

Existing Tenancies
The premesis are let by way of 7 separate ASTs ranging from £350-£425 pcm which therefore provides a total annual income of £32,100 per annum.
This therefore represents a gross yield of 6.76%.
A full schedule of the existing tenancies is attached

VAT
Unless stated all prices are quoted exclusive of Value Added Tax (VAT).

Legal Costs
Each party will be responsible for their own legal costs incurred in this transaction.

Energy Efficiency Rating
A copy of the Energy Performance Certificate is available upon request.

Services
We understand that mains electricity, water and drainage are connected to the premises. However, we recommend that interested parties contact the relevant service providers to confirm this.

Viewing
Strictly by prior appointment through the sole letting agents, Musson Liggins.

Brochures

BROCHURE

Cecil Court, Gainsborough, DN21

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Gainsborough Central Station0.4 miles
  • Gainsborough Lea Road Station1.2 miles
Mortgages
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Market information
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About the agent

Musson Liggins Limited, Nottingham

30 Clarendon Street Nottingham NG1 5HQ

Musson Liggins Limited, Nottingham

The Company was established in 1987 by Stephen Musson and Matthew Liggins. It is a Nottingham City Centre based Practice but acts for clients, corporate and private, throughout the United Kingdom and Ireland.

Musson Liggins is a General Practice Surveying firm providing a comprehensive range of both conventional and specialist property services. Each Director specialises in widely differing areas of expertise, ably supported by a strong, in depth surveying team along with highly compete

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Disclaimer - Property reference CecilCourt. 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 Musson Liggins Limited, Nottingham. 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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