A block of six, one bedroom bedsit style apartments located in a sought after residential area in the Lincolnshire market town of Horncastle.
All of the apartments are currently let under the terms of assured shorthold tenancy agreements generating a gross income of £24,120 per annum. This is an exciting opportunity to purchase the freehold building which also includes a communal garden area to the rear.
The property comprises a substantial three storey Georgian building built in brick under a pitched slate roof. There are two apartments to each floor with an additional basement area. There is a laundry room with a coin operated machine. There is communal garden area to the rear which is currently laid to gravel and provides both a seating and washing line area for residents.
The main entrance door leads into a communal ground floor hall way, with access to the ground floor apartments, the cellar and stairs leading up to the first and second floors. Each apartment offers a fitted kitchen, shower room and open plan lounge bedroom.