7B-7H South End | Boston | Lincolnshire | PE21 6JX
52-70 Hartley Street | Boston | Lincolnshire | PE21 7BS
* 2 Fully Let Residential Investment Portfolios
* Available For Sale Freehold Together or Individually
* Comprising 16 Houses and 1 Apartment
* Accommodation Extends to a Total of 1,760sqm, 18,930sqft GIA
* Currently Producing £158,400 per annum Gross
* £2.65 Million Subject to Contract
7B-7H South End, Boston, Lincolnshire
Comprising 6 Houses and 1 Apartment Attractively Laid Out with River Views
Accommodation Extends to 572sqm, 6,160sqft GIA on 0.12 hectares, 0.3 acres
Currently Producing £75,000 per annum Gross
£1.4 Million Subject to Contract
52-70 Hartley Street, Boston, Lincolnshire
Comprising 10 Terraced Houses with 2 Bedrooms and Ground Floor Garage
Accommodation Extends to 965sqm, 10,390sqft GIA with Development Potential
Currently Producing £83,400 per annum Gross
£1.25 Million Subject to Contract
The historic market town of Boston is located approximately 115 miles to the north of London on the South Lincolnshire Fens and has a twice weekly market, a strong retail offering, large hospital, port and good leisure facilities.
It is estimated the town has a population in excess of 68,000 residents and is approximately 35 miles to the north-east of Peterborough, 35 miles to the south-west of Lincoln, 35 miles to the east of King’s Lynn. It has a main railway station to Grantham and Nottingham, main road connections being the A16 trunk road and the A52 trunk road. Both portfolios are located in the town centre.
South End is located to the south of the town centre overlooking the River Haven. The Hartley Street portfolio is located in the centre of town near Central Park, which is just to the north of the town centre in a residential area.
The South End Portfolio:
These properties were completed in 2018 forming an attractive arrangement of terraced houses arranged in two blocks with one apartment.
The houses are two, three and four bedroomed with the apartment having a spacious two bedroomed layout.
The properties benefit from modern amenities and heating, with an enclosed bin store, communal facilities include a lawned garden, communal off street parking area and gated entrance.
The site area of the development is estimated to extend to 0.12 hectares, 0.3 acres and is designed to be low maintenance and highly attractive to the professional landlord in terms of upkeep.
7B South End 2 Storey End of Terrace House 3 Beds 1,100sqft
7C South End Second Storey Apartment 2 Beds 900sqft
7D South End 3 Storey House 3 Beds 1,300sqft
7E South End 3 Storey House 3 Beds 1,300sqft
7F South End 3 Storey House 3 Beds 1,300sqft
7G South End 3 Storey House 4 Beds 1,350sqft
7H South End 3 Storey House 4 Beds 1,320sqft
The Hartley Street Portfolio:
This is a development of 10 similar terraced houses with garage accommodation on the ground floor and first and second floor living accommodation.
The portfolio has lapsed planning consent (B/06/0713 and B/11/0347) for conversion of the garage accommodation to living accommodation which would make ten three bedroomed houses.
Each two bedroomed house currently provides a ground floor garage, utility area and WC with airing cupboard.
Stairs lead to the first floor, where there is arranged an open plan living room/diner with bathroom off.
On the second floor are two bedrooms with an en-suite facility to the master bedroom.
The South End Portfolio produces a combined gross income of £75,000 per annum.
The Hartley Street Portfolio produces a combined gross income of £83,400 per annum.
Individual properties have Energy Performance Asset Ratings ranging from B80-B87. Further details are available on request.
Each property is individually assessed for Council Tax ranging from A to C, further details available on request.
Method of Sale…
The portfolios are offered together or individually, please contact the agents for more details.
Viewing is strictly by appointment through the Agents: