Roost Estate Agents
15 Highgate
Cleethorpes
DN35 8NR
01472 286525
Princes Road, Cleethorpes£213,500
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On MarketRoost Estate Agents - 01472 28652500002761
***Option for the bottom 2 flats available at £119,950 if sold as a pair.*** Roost Estate Agents are delighted to offer this investment opportunity which is a traditional semi detached house which is split into three flats, all of which are currently rented out and the top floor two bedroom flat has just been refurbished. Currently the two one bed flats are rented at £475pcm each, whilst the top flat is rented at £750pcm. Bottom two flats sold as a pair now £119,950 with 125 year leases each with around 9.5% yield. The top floor two bedroom flat comprises of its own ground floor entrance hallway with storage, once you follow the stairs onto the landing you will find a spacious lounge, two double bedrooms, a bathroom with a three piece suite, a separate W/C and then a modern kitchen diner which has just been finished off. Overall a very stylish top floor flat with parking, which achieves a monthly figure of £750. The front ground floor one bedroom flat, currently rented out at £475pcm, a simple layout, comprising of a hallway, lounge, kitchen, bathroom and one double bedroom. The rear ground floor flat, also rented out at £475pcm, again has a similar design, with a kitchen, shower room, lounge and bedroom. There is a communal rear garden which is shared between the three flats, this can be split between the ground floor flats or keep it as a three way communal garden, there is also some basement storage accessed from the rear. Overall, this provides a seafront traditional property, comprising of three flats, with yields around 10% achievable.
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