Mansfield Road, Baldock, SG7

Property Details: - Type: Barn conversion - Bedrooms: 5 - Bathrooms: 2

Agent: Satchells - Baldock Phone: 01462 228821

<p>Investment and development opportunity in the Heart of Old Baldock Town, just off the majestic wide Georgian High Street. The building is approximately 4500 square feet and comprises of two very large three bedroom houses, a workshop, two garages and two parking spaces. The workshop has the potential to convert into two, two bedroom, two bathroom apartments. The existing property would generate a rental income of circa £42,000 or a yield of 7%. By converting the 1600 square foot workshop, at a cost of approximately £200,000, the rental income would increase to circa £72,000 per year or a yield of 9%. The Gross Developed Value of the four properties would be circa £1,150,000.</p>