* Residential Investment For Sale Freehold Comprising 10 Units
* Desirable Residential Area with Good Long - term Growth Prospects
* Ring - fenced Residential Block
* Comprising 7 Modernised Houses and 3 Modernised Apartments
* All Maintained by the Current Owners from Date of Construction
* All Properties Let on Assured Shorthold Tenancies
* Individual Metered Supplies and Council Tax
* Passing Rent £50, 000 pa, erv in Excess of £65, 000 pa
* For Sale Freehold
Location. . .
The attractive market town of Spilsby located on the edge of the Lincolnshire
Wolds approximately 140 miles to the north of London, 30 miles to the east of
Lincoln and 15 miles from the coast.
The town has been a market town for over 700 years and has a strong range of
amenities including supermarkets, restaurants and public houses.
The centre of the town features a picturesque marketplace which has been
unspoilt for 200 years. It is estimated that the population is in the region
of 3, 000 residents.
Description…
The property comprises a converted schoolhouse with extensions, the works
believed to be completed over 30 years ago.
The building is located with return frontage to Halton Road.
There are entrances to Nos. 1, 2 and 3, being two bedroomed houses of a modern
standard of decoration with electric storage heating, let on Assured Shorthold
Tenancies.
To the rear is a terrace of 4 houses comprising Nos. 4, 5, 6 and 7.
Nos. 8 and 9 comprise a pair of one bedroomed ground floor flats.
No. 10 is a first floor two bedroomed flat which is arranged over Nos. 8 and
9.
The development includes an allocated parking space for each property and
private rear gardens suitable for clothes drying and BBQ’s.
Accommodation. . .
7 Old School Mews has been measured internally and is representative of the
other three houses in the terrace.
Front Entrance Hall
Meter Cupboard
Open Plan Kitchen/Living Room…………. ………. 5. 5m x 3. 8m
Having a modern fitted kitchen with space for a cooker and extractor, rear
kitchen door, carpeted, part non - slip floor.
Lounge Area. . ………………………………. . . …………2. 9m x 3. 9m
Stairs to the First Floor
Landing
Bedroom 1………………. ……. ……………. …………. . 3. 2m x 2. 7m
Bedroom 2…………………. . …………………. ………. . 2. 7m x 1. 7m
Family Bathroom
Having shower over bath, sink and WC.
Rear Garden
Schedule of Accommodation. . .
No.
**Gifa
EPC
ctb**
1
73sqm
785sqft
E43
**A**
2
78sqm
840sqft
E43
**A**
3
71sqm
765sqft
E53
**A**
4
50sqm
540sqft
C70
**A**
5
45sqm
485sqft
E48
**A**
6
47sqm
505sqft
E42
**A**
7
45sqm
485sqft
D64
**A**
8
61sqm
655sqft
E45
**A**
9
45sqm
485sqft
D64
**A**
10
69sqm
745sqft
D56
**A**
Total
(approx)
585sqm
6, 300sqft
Tenure. . .
The properties are available Freehold subject to the existing tenancies.
Schedule of Tenancies. . .
The properties are let on individual Assured Shorthold Tenancies. Rents are
around £450 per calendar month with the tenant paying bills and being
responsible for the maintenance of each unit. It is estimated that the average
rental value of each unit is in the region of £550 per calendar month at
today’s prices. Further details of the tenancies are available on request.
Outgoings. . .
All of the properties are rated at Council Tax Band A.
EPC. . .
All properties have Energy Performance Asset Ratings ranging from E43 to C70.
Full details are available on request.
Viewing. . .
All viewings are to be made by appointment through the agent.

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