Pinchbeck Road, Spalding

8 bedroom Block of Flats    £400,000

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.

75 Pinchbeck Road which is made up of two self-contained two bedroom flats and three 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. Total Income P/A: £31,680.

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.

The property further benefits from having substantial off-road parking to the front elevation, a large partially enclosed rear garden and an additional adjoining generous plot of land to the rear left elevation which the agent believes could be explored for a variety of potential uses (stp).

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  • Portfolio Investment Opportunity
  • Huge Potential for a Variety of Uses
  • £31,680 Income Per Annum
  • Five Flats (x2 two bed, x3 one bed)
  • One Bedroom Detached Bungalow
  • Large Plot with Potential for Future Developments (STP)
  • Substantial Residential Accommodation
  • Flats & Bungalow Already Occupied on AST's
  • Sought After Location
  • Viewing Is Recommended

Arrange a viewing today...

DGG Property Consultants Ltd

Call: 01775 888 494


Office 8 & 9
Welland Workspace
10 Pinchbeck Road
Spalding
Lincolnshire PE11 1QD
Request a viewing

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.

75 Pinchbeck Road which is made up of two self-contained two bedroom flats and three 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. Total Income P/A: £31,680.

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.

The property further benefits from having substantial off-road parking to the front elevation, a large partially enclosed rear garden and an additional adjoining generous plot of land to the rear left elevation which the agent believes could be explored for a variety of potential uses (stp).

Property Details

75 | Flat A - Ground Floor

Entrance Hallway

Bedroom

4.67m x 4.72m (15'04 x 15'06)

Bedroom

4.85m x 4.67m (15'11 x 15'04)

Living Room / Kitchenette

4.65m x 4.93m (15'03 x 16'02)

Bathroom

3.00m x 2.34m (9'10 x 7'08)

Separate WC

75 | Flat B - Ground Floor

Living Room

4.57m x 4.57m (15'00 x 15'00)

Kitchen

4.47m x 1.30m (14'08 x 4'03)

Bedroom

3.96m x 2.24m (13'00 x 7'04)

Bathroom

2.26m x 1.73m (7'05 x 5'08)

75 | Flat C - First Floor

Entrance Hallway

Living Room

4.83m x 4.67m (15'10 x 15'04)

Kitchen

3.00m x 2.57m (9'10 x 8'05)

Bedroom

1.93m x 3.05m (6'04 x 10'00)

Bedroom

4.80m x 4.34m (15'09 x 14'03)

Bathroom

1.45m x 3.96m (4'09 x 13'00)

75 | Flat D - First Floor

Living Room & Kitchenette

4.57m x 4.57m (15'00 x 15'00)

Bedroom

3.05m x 3.07m (10'00 x 10'01)

En-Suite Shower Room & WC

1.68m x 1.50m (5'06 x 4'11)

75 | Flat E - Second Floor

WC (located on first floor)

Stairs to second floor living accommodation

Kitchen

3.76m x 3.20m (12'04 x 10'06)

Living Room

3.89m x 5.66m (12'09 x 18'07)

Bedroom

4.72m x 3.73m (15'06 x 12'03)

Bathroom

1.93m x 2.44m (6'04 x 8'00)

75 | The Bungalow

Kitchen

3.12m x 3.18m (10'03 x 10'05)

Living Room

5.59m x 3.15m (18'04 x 10'04 )

Bedroom

3.18m x 2.49m (10'05 x 8'02)

Bathroom

1.83m x 1.68m (6'00 x 5'06)

Location Map

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Contacting DGG Property Consultants
10 Pinchbeck Road
Spalding
Lincolnshire
PE11 1QD
Tel: 01775 888494
[email protected]
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