Cecil Court, Gainsborough, DN21
- 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
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
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.
All 7 units in Cecil Court are Band A £1,121.73 per annum
The premises are available for sale Freehold with the benefit of the existing Assured Shorthold 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
Unless stated all prices are quoted exclusive of Value Added Tax (VAT).
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.
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.
Strictly by prior appointment through the sole letting agents, Musson Liggins.
Cecil Court, Gainsborough, DN21
NEAREST STATIONSDistances are straight line measurements from the centre of the postcode
- Gainsborough Central Station0.4 miles
- Gainsborough Lea Road Station1.2 miles
About the agent
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
Stamp Duty calculator
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.Visit our security centre to find out more
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.
* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.
Map data ©OpenStreetMap contributors.