Sunningdale, Grantham, NG31 9SB

Offers in the region of £400,000

Market Rent: £2175 Estimated gross yield: 6.5%
INVESTMENT OPPORTUNITY - Block of 5 modern apartments producing a rental income of £24,480 per year - Net internal floor area 2884 sq.ft - Electric heating - Allocated car parking - Well maintained residential area - 3x Two bedroomed apartments, 2x One bedroomed apartments - Potential to increase rents by negotiation - Excellent low maintenance investment opportunity

Description
Apt 1 - 1 Bed - £350 pcm
Ap t2 - 2 Bed - £425 pcm
Apt 3 - 2 Bed - £475 pcm
Apt 4 - 1 Bed - £350 pcm
Apt 5 - 2 Bed - £440 pcm

Total Current Rental £2,040 pcm - £24,480 per annum

Potential rental £2,175 pcm - £26,100 per annum

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Key Features

  • Investment Opportunity
  • 5 Modern Apartments
  • Currently Let And Producing £24,480 PA
  • Approximately 6.5% Yield
  • Well Regarded Residential Area
  • Call For More Info

Call Lincoln office 01522 525 555 25 -26 Silver Street Lincoln LN2 1EW

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