14 bedroom Block of Flats
Asking price £899,950
DGG Property Consultants are pleased to offer this rare and exciting opportunity to purchase the freehold of a substantial and income producing investment and development opportunity (stp) in a highly sought-after and prestigious residential location, close to Spalding’s Historic Market Town Centre. The property comprises of three parts:
75 Pinchbeck Road which is made up of one self-contained two bedroom flat and four self-contained one-bedroom flats, all of which are currently subject to Assured Shorthold Periodic Tenancies currently producing an income of £25,800 p/a
The Bungalow, 75 Pinchbeck Road which is a detached one-bedroom bungalow with a separate kitchen, bathroom and large reception room. This element of the property is subject to an Assured Shorthold Periodic Tenancies currently producing an income of £5880 p/a
81 Pinchbeck Road being a former Bed & Breakfast which is made up of seven bedrooms, three of which benefit from en-suites, two reception rooms, two large bathrooms, kitchen, utility area, study and basement.
In addition to the residential accommodation, the property also benefits from two further areas which are currently used for storage, one being partially brick built and attached to 75 Pinchbeck Road and a further, also being used for storage which is detached from the property.…