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Witham Place, Boston PE21 16 bed block of apartments for sale
Witham Place, Boston PE21
£1,250,000
Witham Place, Boston PE21
£1,250,000
Our Summary
- This investment opportunity comprises 5 spacious two bedroomed apartments which have been modernised, a four bedroomed house, an additional building; Feverfew, containing 2 large apartments with space for further conversion works, as well as parking, patios, gardens, garages and a Folly
- To the rear of the property is a two-storey building which is unused and has the potential to be extended to form another residential unit subject to statutory consents
- Planning consent B/23/0080 dated 16th June 2023 has been granted for a new vehicular access comprising a long drive curving to the rear of the property with the potential to service the grassed area between the two buildings
Description
The property, located in Boston, Lincolnshire, is a unique investment opportunity comprising five modernized two-bedroom apartments, a four-bedroom house, and an additional building, Feverfew, with potential for further conversion. The apartments and house are fully furnished and have a total built area of approximately 8,730 square feet. The property also features parking, patios, gardens, garages, and a folly. The apartments are situated on the north side of the town center, with the house located at the northern end of the site, and Feverfew situated to the south. The property has a valid EPC certification and planning consent has been granted for a new vehicular access. The current rental income is £82,700 per annum, with an estimated rental value of £93,500 per annum. Viewings are by appointment only through the agent, Poyntons Consultancy.