Guide price
£290,000
10 bed property for saleWest Parade, Grimsby DN31
10 beds
10 baths
10 receptions
EPC Rating: C
Auction
Freehold
About this property
Great Investment Opportunity
All On Separate Utilities
10 Separate Dwellings (Apartments)
2 Large Converted Victorian Terraces
Stones Throw To Grimsby Town Centre
Currently Partly Tenanted
Potential Annual Rental Earnings Of £60k
Slight Refurbishment Required
Short Walk To Amenities
Farrow Estate Agents are delighted to offer to the market this two large Victorian Terraces which have been converted into 10 separate dwellings, comprising of 8 apartments and 2 bedsits. Though a slight scheme of modernisation is required, this unique proposition presents a potential investor / landlord an opportunity to purchase a ready made set of homes.
With some of the apartments currently occupied by tenants, the potential owner could be achieving an annual rent of £60,000 from both blocks.
Each of the first eight apartments comprises of a lounge, kitchen, bathroom and double bedroom. Whilst the two bedsits comprise of a combined, open plan Living and Sleeping Area with a separate Bathroom and Kitchen.
All dwellings are on separate utilities.
Externally, there is a secure courtyard to the rear of the building that has ample space for relaxation as well as a designated smoking area. This substantial building has the added benefit of being only a short walking distance to Grimsby Town Centre, with its many amenities such as shopping centres, restaurants and good transport links.
‘This property is for sale by Traditional Auction. Exchange takes place immediately with completion within 28 days. The buyer pays a 10% (of the purchase price) Non-Refundable Deposit on exchange. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team. Services may be recommended by the
With some of the apartments currently occupied by tenants, the potential owner could be achieving an annual rent of £60,000 from both blocks.
Each of the first eight apartments comprises of a lounge, kitchen, bathroom and double bedroom. Whilst the two bedsits comprise of a combined, open plan Living and Sleeping Area with a separate Bathroom and Kitchen.
All dwellings are on separate utilities.
Externally, there is a secure courtyard to the rear of the building that has ample space for relaxation as well as a designated smoking area. This substantial building has the added benefit of being only a short walking distance to Grimsby Town Centre, with its many amenities such as shopping centres, restaurants and good transport links.
‘This property is for sale by Traditional Auction. Exchange takes place immediately with completion within 28 days. The buyer pays a 10% (of the purchase price) Non-Refundable Deposit on exchange. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team. Services may be recommended by the
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