Bridge Street, Gainsborough

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

Agent: Hunters - Gainsborough Phone: 01427 360940

BUY TO LET INVESTMENT OPPORTUNITY within Sandars Maltings one bed apartments from £59,950.<br />Sandars Maltings is a conversion located on the banks of the River Trent within the vibrant market town of Gainsborough which is well serviced with local amenities including Marshalls Yard retail complex, eateries and leisure facilities and highly regarded School. <br />CONTACT THE OFFICE TO EXPRESS AN INTEREST ON[use Contact Agent Button].<br /><br /><b>Description</b> - Sandars Maltings is a development of 48 apartments located directly on the River Trent in the popular market town of Gainsborough with amenities including eateries, leisure facilities, schools, Marshalls Yard retail complex and road and rail links to the surrounding areas. The building is tenanted and all but 2 units are occupied with proven tenant demand making Sandars Maltings a turnkey and hassle-free investment offering a net yield of up to 7.2% net with long-term lets and up to 10% for short-term lets which are permitted on this development.<br /> <br /> The development offers apartments starting from only £59,995 and is a rare opportunity to invest in a project offering exceptional value for money.<br /><br />Furthermore, prices in Gainsborough have been rising steadily over the past 5 years, having increased by 22.92%, which is above the national average<br /><br /><b>Tenure - Leasehold</b> - 250 year lease from 2004. Ground Rent - Nil. Service Charge £1,630 p.a.<br /><br /><b>Agents Note</b> - Payment Plan - £2,000 reservation fee<br />20% on exchange (minus reservation fee)<br />80% balance on handover<br /><br />