Two self-contained flats generating strong rental potential, offering a ready-made investment with scope for long-term return.
An excellent opportunity to acquire a ready-made investment comprising two self-contained flats within a substantial mid-terrace property, positioned along Grimsby Road and within easy reach of Cleethorpes, local amenities and transport links Ready-to-let investment with a gross yield of around 10% of both flats.
Based on current market conditions, each flat is estimated to achieve approximately £425–£450 per calendar month, offering a potential combined rental income in the region of £850–£900 per month. Each flat has its own entrance, gas central heating and uPVC double glazing throughout. Recently refreshed with neutral finishes, offering clean and lettable accommodation with minimal immediate outlay required.
The ground floor flat comprises a lounge, spacious kitchen/dining room, two bedrooms and a bathroom. To the first floor, the accommodation includes a lounge/diner, separate kitchen, three bedrooms and a bathroom, providing flexibility for a range of tenant types including families or sharers.
The property is ideally located close to Cleethorpes town centre where you will find the shopping areas of Sea View Street and St Peters Avenue. The Seafront has many attractions, including restaurants/bistros,wine bars and Cleethorpes golf course.
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These particulars are provided for guidance only. Lovelle Estate Agency, their clients and any joint agents give notice that they have no authority to give or make any representation or warranties in respect of the property, nor to comment on the services, tenure or rights of way.
These particulars do not form part of any contract and must not be relied upon as statements or representations of fact. All measurements and areas are approximate, and the particulars, including photographs and plans, are intended as a guide only and are not necessarily comprehensive; some images may have been enhanced to improve presentation. An internal viewing is strongly recommended to fully appreciate the property.
In accordance with Anti-Money Laundering Regulations, we are required to verify the identity of all parties involved in a transaction, and once an offer has been agreed, appropriate ID checks will be carried out, with a fee of £25 including VAT per person payable for this...
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