Princes Avenue, Grimsby, Lincolnshire, DN31

Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 0

Agent: Jackson Green and Preston Estate Agents and Property Management - Grimsby Phone: 01472 467885

If you are a property investor and are looking to increase your portfolio then we have an attractive proposition for you.<br/>Jackson, Green and Preston are delighted to offer to the market 7 Princes Avenue in Grimsby which is a spacious mid-terrace town house that has been converted to provide three self contained flats.<br/>Each flat is currently let on an Assured Shorthold Tenancy Agreement at a passing rent of £360 per calendar month which equates to an annual rental income of £12,960, representing a current investment yield of circa 8.82%.<br/>In the Agents opinion, there is potential for a further increase in the rental value which would make this an even more attractive investment opportunity.<br/>Each of the flats have their own separate access, double glazing and independent electric heating systems. We understand the owners have all the current required certification for letting and this would therefore be a straight forward transfer of landlord.<br/><br/>