Finkin Street, Grantham, NG31
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
1
- SIZE
1,012 sq ft
94 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Landlord Alert - A Five Flat Investment Opportunity with Tenants in Situ
- Five Self-Contained Flats - Three 2-beds and Two 1-beds
- Current Rental Yield - 10.05%
- Potential Rental Yield - 10.53%
- Sold With Tenants in Situ
- One Building Offering Multiple Rental Incomes
- Communal Hallways and Landings
- Good-Quality Accommodation Throughout
- Excellent Portfolio Investment Opportunity
- All Flats Rated - EPC C
Description
LANDLORD ALERT! A FIVE-FLAT INVESTMENT OPPORTUNITY WITH TENANTS IN SITU
A fantastic opportunity for an investor to acquire five tenanted flats within one building, all offered with tenants already in situ. The property currently produces a combined annual rent of £35,160 and yield of 10.05%, with the potential annual rent of £36,840 and yield of 10.53%, making this an exciting opportunity for an established landlord or someone looking to grow their portfolio. The building comprises three two-bedroom flats and two one-bedroom flats, with communal hallways and landings serving the apartments.
Flat 1 is a generous two-bedroom apartment with two double bedrooms, a kitchen, dining room and open-plan living space, along with a bathroom.
Current Rent of £590pcm with a potential rent of £645pcm.
Flat 2 offers an open-plan kitchen, dining and living space, a double bedroom and bathroom.
Current Rent of £570pcm with a potential rent of £590pcm.
Flat 3 has two bedrooms, including one double and one single, alongside an open-plan kitchen, dining and living space and bathroom.
Current Rent of £570pcm with a potential rent of £590pcm.
Flat 4 is a little different and full of character, offering an open-plan kitchen, dining and living space with a spiral staircase leading to a double bedroom.
Current Rent of £540pcm with a potential rent of £550pcm.
Flat 5 is the largest of the five and provides two double bedrooms, a good-sized bathroom, a large lounge/diner and separate kitchen.
Current Rent of £660pcm with a potential rent of £695pcm.
All five flats are presented to a good standard and are already occupied, meaning the new owner can take on an established investment with tenants in place from day one.
Five flats. One building. Five rental incomes. A 10.05% current yield.
For landlords looking to add multiple units on a single title to their portfolio in one purchase, this is an opportunity worth taking a closer look at.
EPC Rating: C
Lounge
6.7m x 5.9m
Dining Room
2.7m x 2.1m
Kitchen
3.8m x 3m
Bedroom 1
4.5m x 3m
Bedroom 2
2.9m x 2m
Kitchen/Diner
5.7m x 5m
Bedroom
3.7m x 2.4m
Kitchen/Diner
5.7m x 4.6m
Bedroom 1
4.1m x 3.7m
Bedroom 2
3.4m x 2.3m
Kitchen/Diner
6.7m x 5m
Bedroom
7.1m x 4m
Kitchen
2.71m x 3.99m
Lounge
5.47m x 6.87m
Bedroom 1
5.47m x 3.93m
Bedroom 2
3.92m x 3.48m
- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
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Visit our security centre to find out moreDisclaimer - Property reference 920f0cde-50b6-45c1-8ef2-229ef4b11f55. 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 David Grace Estate Agents, Grantham. 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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