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4 bedroom semi-detached house for sale

Tower Street, Boston, PE21 8RX


Property Description

Key features

  • Potential Development Site, subject to planning
  • Large Semi Detached Town House currently Three Flats
  • Investment Opportunity
  • Close to Town Centre
  • Garages/Workshop/Offices/Containers
  • Potential to convert house into FIVE flats

Full description

A substantial semi detached house set over three floors and currently registered as three flats. The flats currently sit vacant. The property sits on a generous plot which has a block of 4 garages, a block of 7 garages and a block of 3 garages. There is a further workshop and outbuilding, 2 offices, 2 x 20ft containers and 1 x 10ft container. The garages are not at full occupancy but currently generating an income of £14,500 per year. At full occupancy (excluding flats) the income is in excess of £20,000 per year. The house has the potential to be turned into 5 flats, 4 x 1 bedroom and 1 x 2 bedroom, which would generate a further income of approximately £27,000 per year. Bringing the total income to approximately £47,000 per year for the whole site.

For a 2D and 3D visual of this property including room dimensions, please visit the floorplan tab above.

Front gated access provides entrance to driveway which progresses along the side of the house. An established garden is to the left hand side with trees, bushes and plants to the borders. The driveway continues and leads to the Blocks of Garages:

Block 1 - comprising brick single garage with wooden doors, includes workshop

Block 2 - Three concrete sectional garages with up and over doors

Block 3 - Four concrete sectional garages with up and over doors

Block 4 - Seven concrete sectional garages with outward opening doors

Detached Garage - a detached concrete garage with up and over doors

Offices - Two office units

Containers - 2 x 20ft and 1x 10ft storage containers 

The freehold to the property is for sale. As of 16th August 2018 the house (flats) are empty and 70% of the garages are let.

More information from this agent

Listing History

Added on Rightmove:
17 August 2018

Map & Street View

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