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Garden Street, Lincolnshire, DN20 8 bed block of apartments for sale
Garden Street, Lincolnshire, DN20
£660,000
Garden Street, Lincolnshire, DN20
£660,000
Our Summary
- This is a genuine turnkey investment project with the potential for strong rental yields and future capital appreciation
- Attractive investment potential with estimated gross yields of up to 9% based on projected rental income
- For Sale by Modern Auction – T & C’s apply, subject to reserve price, buyers fees apply
- For Sale by Modern Auction – T & C’s apply, subject to reserve price, buyers fees apply
Description
This charming block of eight self-contained one-bedroom apartments offers a rare opportunity for investors to acquire a turnkey property with significant potential for rental yields and future capital appreciation. The building, which has undergone significant refurbishment, features a unique cottage-style design and a private courtyard, giving it a unique charm. While some apartments still require completion works, including kitchen installation and flooring, the property is already largely renovated with new kitchens, shower rooms, electrics, lighting, and decoration throughout. With excellent transport links and proximity to local amenities, the apartments are perfectly positioned to meet the strong local demand for one-bedroom properties, with the potential to achieve rental income of £62,400-£67,200 per annum. The property is being sold strictly as seen, with no further works undertaken by the seller, providing buyers with the chance to complete the works to their own specification.