Auction Date: 23rd & 24th June 2021
Three-bedroom terrace property
Tenant in situ
Currently let at £400 pcm (£4,800 pa)
Current gross yield of 12.15%
Approx. 78 Sq. M / 839.58 Sq. Ft
GCH & UPVC double glazing
Close to the town centre
On street parking
Online Auction: 23rd & 24th June 2021
•Guide Price: £39,500+
•Three-bedroom terrace property
•Ideal investment property
•Current income of £4,980 pa
The property is located on the northern side of Tunnard Street in Grimsby, North Lincolnshire. Grimsby is currently undergoing a program of regeneration and as such is attracting major national employers to the area. The property is conveniently located just under a mile from the town centre, offering a variety of shopping facilities and amenities.
Briefly, the property comprises an open plan lounge/dining room, fitted kitchen, bathroom, three bedrooms and a good-sized rear garden. The property also benefits from gas central heating and UPVC double glazing throughout.
Approx. 110 Sq. M / 1,184 Sq. Ft.
(Measurement taken from the EPC)
We understand the property is connected to mains gas, electricity, water, and drainage. However, interested parties are advised to carry out their own investigations.
The property is currently let to long standing tenants at £400 pcm (£4,800 per annum). This reflects a current gross yield of 12.15%, based on the guide price.
The property is rated in Council Tax Band A. Council tax payable for 2021/22 is £1,346.
2% (min. £3,600) inc. VAT.