Available
Spilsby – 2-Bed Flat
51A High Street, Spilsby, Lincolnshire PE23 5JHVirtual Freehold Residential Investment
Price
£95,000
Rent P.A.
£7,500
Yield
7.90%
Tenure
Leasehold
Lease Term
12 Months
Years Left on Lease
Holding Over
Area
958 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- VAT is NOT applicable to this property
- Comprises self-contained two bedroom flat, newly refurbished in May 2023
- New kitchen, carpet and flooring, boiler, doors, electric wiring and lights installed
- Located in the heart of the town centre with occupiers nearby including Café`s, Restaurants, Pubs, Pharmacy and many more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises first floor flat with separate access from Queen Street. The property has been newly refurbished in May 2023 to a high standard and provides the following accommodation and dimensions:
First Floor: 89 sq m (958 sq ft)
2 Bedrooms, Living Room, Kitchen, Bathroom
-New combi boiler
-New kitchen and bathroom tiles
-New doors
-New lights
-New electric wiring
-New carpet and flooring throughout
First Floor: 89 sq m (958 sq ft)
2 Bedrooms, Living Room, Kitchen, Bathroom
-New combi boiler
-New kitchen and bathroom tiles
-New doors
-New lights
-New electric wiring
-New carpet and flooring throughout
Tenancy Description
The flat is at present let on AST to an Individual for a term of 12 Months from 4th July 2023 at a current rent of £7,500 p.a. Deposit held of £625.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Spilsby is a market town positioned towards the east of Lincolnshire, located approx. 15 miles north of Boston and approx. 25 miles east of Lincoln. The property is located in the heart of the town centre with occupiers nearby including Café`s, Restaurants, Pubs, Pharmacy and many more.
