14 INVESTMENT - TWO RESIDENTIAL FLATS, Westgate, Sleaford
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*****This property is for sale by Modern Method of Auction and viewer/bidder information will be shared with the Auctioneer, IAM-Sold. A non-refundable Reservation Fee of 4.2% of the purchase price inc VAT, subject to a minimum of £6,000 inc VAT is payable by the winning bidder *****
Residential investment opportunity producing an annual rental income of £10,320 Per Annum. The property is Grade II listed and comprises two fully let (each at £430 PCM) self-contained one bedroom apartments situated in Sleaford’s town centre.
An excellent opportunity and further information is available from the selling agents.
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Sleaford sits on the cross roads of the A17 and A15 providing excellent access to several major towns together with the Cathedral City of Lincoln with its relatively new University, Peterborough and Nottingham. Sleaford is a fast expanding town offering a wide selection of businesses and shops including national retail outlets. Extensive social facilities and amenities include medical centre, leisure centre, sports complex, football, rugby and cricket clubs together with a number of churches. The town offers excellent primary and secondary schools. The A1 and Inter City rail services to London Kings Cross and Scotland are available at either Grantham 17 miles away or Newark some 18 miles away.
14 Westgate - One bedroom ground floor flat with an open plan living area and ensuite shower room. No 14 is let on an AST from 07.07.2019 with a current passing rent of £430 PCM.
Pygott and Crone have been made aware that mains water, electric and drainage are connected to the property.
The freehold of the property is for sale via the modern method of auction. See Buying Conditions for further information on this method of sale.
Both flats have Council Tax Band ratings of A.
14 Westgate - EPC rating of an E and is valid until 27 March 2028.
North Kesteven District Council
Viewings can be arranged via the acting agents Pygott and Crone.