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Princes Avenue, Grimsby... 1 bed apartment for sale
Princes Avenue, Grimsby, Lincolnshire, DN31
£150,000
Princes Avenue, Grimsby, Lincolnshire, DN31
£150,000
Our Summary
- 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
- Potential For Increase In Rent
Description
Jackson, Green and Preston presents an attractive investment opportunity with 7 Princes Avenue in Grimsby, a converted mid-terrace townhouse offering three self-contained flats. Each flat is currently let on an Assured Shorthold Tenancy Agreement, generating a passing rent of £360 per month, totaling £12,960 annually and yielding a current investment return of 8.64%. With potential for further rental value increases, this property offers a lucrative investment opportunity. The flats feature separate access, double glazing, and independent electric heating systems, and the current owners have all the necessary certification for letting, making it a straightforward transfer for a new landlord.