Finkin Street, Grantham NG31

Property Details: - Type: Flat - Bedrooms: 2 - Bathrooms: 1

Agent: David Grace - Grantham Phone: 01476 218862

<p>LANDLORD ALERT! A FIVE-FLAT INVESTMENT OPPORTUNITY WITH TENANTS IN SITU</p><p>A fantastic opportunity for an investor to acquire five tenanted flats within one building, all offered with tenants already in situ. The property currently produces a combined annual rent of £35,160 and yield of 10.05%, with the potential annual rent of £36,840 and yield of 10.53%, making this an exciting opportunity for an established landlord or someone looking to grow their portfolio. The building comprises three two-bedroom flats and two one-bedroom flats, with communal hallways and landings serving the apartments.</p><p>Flat 1 is a generous two-bedroom apartment with two double bedrooms, a kitchen, dining room and open-plan living space, along with a bathroom. </p><p>Current Rent of £590pcm with a potential rent of £645pcm.</p><p>Flat 2 offers an open-plan kitchen, dining and living space, a double bedroom and bathroom.</p><p>Current Rent of £570pcm with a potential rent of £590pcm.</p><p>Flat 3 has two bedrooms, including one double and one single, alongside an open-plan kitchen, dining and living space and bathroom.</p><p>Current Rent of £570pcm with a potential rent of £590pcm.</p><p>Flat 4 is a little different and full of character, offering an open-plan kitchen, dining and living space with a spiral staircase leading to a double bedroom.</p><p>Current Rent of £540pcm with a potential rent of £550pcm.</p><p>Flat 5 is the largest of the five and provides two double bedrooms, a good-sized bathroom, a large lounge/diner and separate kitchen.</p><p>Current Rent of £660pcm with a potential rent of £695pcm.</p><p>All five flats are presented to a good standard and are already occupied, meaning the new owner can take on an established investment with tenants in place from day one.</p><p>Five flats. One building. Five rental incomes. A 10.05% current yield.</p><p>For landlords looking to add multiple units on a single title to their portfolio in one purchase, this is an opportunity worth taking a closer look at.</p><br/>EPC Rating: C