***investment opportunity***
A fantastic investment opportunity to purchase this end terrace house in a central Cleethorpes location that has been converted into five self contained units. Four out of five units currently let in the region of £390 per week which means the potential purchaser can expect a return in the region of £20,280 per annum and an 10.19% yield!
The vendor advises that £20,000 has recently been spent renovating flats 3,4 and 5.
**Planning has also been obtained for conversion of the five flats into three larger luxury apartments for those wishing to do so (planning application number DM/0254/17/ful).*
The property has gone through a complete scheme of modernisation including, damp work, new windows, kitchens and bathrooms. The accommodation comprises:-
*Communal entrance hall
*Flat 1 - One bedroom ground floor flat
*Flat 2 - One bedroom ground floor flat
*Flat 3 - First floor bedsit
*Flat 4 - One bedroom second floor flat
*Flat 5 - One bedroom second floor flat
This property offers great investment potential!
Ground Floor Flat Accomodation
Communal Entrance Hall
Lounge
Kitchen
Bedroom
Shower Room
Flat Two
Lounge
Kitchen
Bedroom
Bathroom
First Floor Accomodation
Flat Three
Bedsit Room (2.69m x 4.96m (8' 10" x 16' 3"))
Bathroom
Second Floor Accomodation
Flat Four
Lounge (2.39m x 4.02m (7' 10" x 13' 2"))
Kitchen Diner (3.99m x 2.07m (13' 1" x 6' 9"))
Bedroom (4.33m x 2.9m (14' 2" x 9' 6"))
En-Suite Bathroom
Third Floor Accomodation
Flat Five
Kitchen
Lounge/Dining Area (4.2m x 4.04m (13' 9" x 13' 3"))
Bedroom
2.74m x 2,71m
Bathroom
Outside