The subject property comprises a single two-storey block of residential units comprising of three independent blocks and a total of 7 residential units as follows
• 1x 2 bedroom house
• 5x 2 bedrrom flats
• 1x 1 bedroom flat
The properties internally have been constructed and fitted out to an equal specification and are of a similar size and nature. Each individual block benefits from its own communal area.
One car parking space per residential unit is provided.
All 7 units in Cecil Court are Band A £1,121.73 per annum
The premises are available for sale Freehold with the benefit of the existing Assured Shorthold Tenancies.
The premesis are let by way of 7 separate ASTs ranging from £350-£425 pcm which therefore provides a total annual income of £32,100 per annum.
This therefore represents a gross yield of 6.76%.
A full schedule of the existing tenancies is attached
Unless stated all prices are quoted exclusive of Value Added Tax (VAT).
Each party will be responsible for their own legal costs incurred in this transaction.
Energy Efficiency Rating
A copy of the Energy Performance Certificate is available upon request.
We understand that mains electricity, water and drainage are connected to the premises. However, we recommend that interested parties contact the relevant service providers to confirm this.
Strictly by prior appointment through the sole letting agents, Musson Liggins.
The property is situated off Cecil Street within an established residential area of Gainsborough.
The immediate surrounding environs of Gainsborough are rural or semi-rural and a substantial number of smaller villages are within close proximity.
Gainsborough is situated on the River Trent within the West Lindsey District of. The town benefits form the popular retail complex of Marshalls Yard and is approximately 8 miles north west distance to Robin Hood Airport