Farebrother Street, Grimsby... Block of apartments for sale

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Farebrother Street, Grimsby... Block of apartments for sale

Farebrother Street, Grimsby, Lincolnshire, DN32
£75,000

Our Summary

  • Alternatively, the property could be converted into a HMO subject to the necessary planning consents

Description

Located in a prime residential position close to Grimsby town centre, Jackson, Green and Preston are offering a rare opportunity to purchase two flats, a 2-bedroom ground floor flat and a 1-bedroom first floor flat. The ground floor flat features a front and rear bedroom, living room, kitchen, bathroom, and private rear garden, while the first floor flat has a landing leading to a living room, bedroom, kitchen, and bathroom. The property benefits from uPVC double glazing and a gas central heating system. The exterior boasts a low-maintenance front garden and a secluded rear garden accessible from the ground floor flat. The flats are currently let at £9,600 per annum, but with a potential market rent of £11,160, representing a 10.2% yield at the current asking price. Alternatively, the property could be converted into a HMO subject to necessary planning consents, making it an excellent opportunity for investors or those looking to add to their portfolio.