26 Abbeygate
Grimsby
DN31 1JY
West Parade, Grimsby
Guide price £145,000
5 Bedroom House
- Fabulous Investment Opportunity
- All Flats Have Separate Utilities
- 5 Separate Dwellings (Apartments)
- Spacious Converted Victorian Terrace
- Potential Annual Rental Earnings Of £30k
- Slight Refurbishment Required
- Currently Partly Tenanted
- Stones Throw To Grimsby Town Centre
- For Sale By Modern Auction
- Subject To Reserve Price & Reservation Fee
Farrow Estate Agents are delighted to offer to the market this large Victorian Terrace which have been converted into 5 separate dwellings, comprising of 4 apartments and 1 bedsit. Though a slight scheme of modernisation is required, this unique proposition presents a potential investor / landlord an opportunity to purchase a ready made set of homes.
With some of the apartments currently occupied by tenants, the potential owner could be achieving an annual rent of £30,000 from this property.
Each of the first four apartments comprises of a lounge, kitchen, bathroom and double bedroom. Whilst the bedsit comprise of a combined, open plan Living and Sleeping Area with a separate Bathroom and Kitchen.
All dwellings are on separate utilities.
Externally, there is a secure courtyard to the rear of the building that has ample space for relaxation as well as a designated smoking area. This substantial building has the added benefit of being only a short walking distance to Grimsby Town Centre, with its many amenities such as shopping centres, restaurants and good transport links.
This property is For Sale by Modern Method of Auction. meaning the buyer and seller are to complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
The buyer signs a Reservation Agreement and makes a payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600 including VAT. This is paid to reserve the property to the buyer during the reservation period and is paid in addition to the purchase price. This is considered within calculations of Stamp Duty Land Tax.
Services may be recommended by the agent or auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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