Weelsby Street, Grimsby, DN32 7PF

A freehold residential investment opportunity comprising three self-contained flats, all held on one title and offered for sale as a single lot.

The property is arranged as two ground floor one-bedroom flats and a larger first floor two-bedroom flat, positioned on Weelsby Street, Grimsby, within a well-established residential location with consistent rental demand.

244 Weelsby Street is a ground floor one-bedroom flat accessed from the front and comprises an entrance hall, living room, modern fitted kitchen with smart units, rear lobby and bathroom fitted with a white suite.

The flat benefits from a rear yard. 246 Weelsby Street is a ground floor one-bedroom flat accessed from the rear.

Accommodation includes an entrance hall, smart shower room, fitted kitchen, living room and bedroom, together with a small rear yard.

246A Weelsby Street is a first floor flat extending over both ground floor units, resulting in larger overall accommodation.

The property is accessed via a private ground floor entrance with staircase rising to the first floor and comprises a landing, shower room, dining room, living room, kitchen (dated but serviceable) and two bedrooms.

All three flats benefit from gas central heating systems and UPVC double glazing. The flats are currently vacant, allowing a purchaser to set rents immediately and select tenants from completion.

Based on current market evidence, the anticipated rental values are: 246A Weelsby Street: IRO £400 pcm 244 Weelsby Street: IRO £365 pcm 246 Weelsby Street: IRO £365 pcm This equates to a combined gross rental income of approximately £1,130 per calendar month, or £13,560 per annum.

At an asking price of £85,000 for the freehold interest, the investment offers an attractive projected gross yield of approximately 15.95%, with scope for further upside through light improvement and active management.

Entrance Porch   With uPVC double glazed entrance door. Radiator. Living Room   Dimensions: 4.29m x 3.65m. With electric fire. Radiator and uPVC double glazed window unit.

Bedroom   Dimensions: 3.31m x 2.55m. With radiator and uPVC double glazed window unit. Kitchen   Dimensions: 3.91m x 2.11m.

Partially tiled and fitted with a good selection of attractive wall and base units incorporating a sink unit with drainer and mixer tap, having integrated electric oven, gas hob and extractor canopy.

Gas fired central heating combination boiler. Radiator and uPVC double glazed window unit. Rear Entrance Lobby   With uPVC door.

Bathroom   Tiled and fitted with a white three piece suite comprising panelled bath (bath with shower over, with glazed screen). Hand basin set in vanity unit and a low-flush w.c. Extractor.

Radiator and uPVC double glazed window unit. Gardens   Yard to rear.

Disclaimer   Disclaimer Every attempt has been made to ensure accuracy, however these property particulars are approximate and for illustrative purposes only.

They have been prepared in good faith and they are not intended to constitute part of an offer of contract.

We have not carried out a structural survey and the services, appliances and specific fittings have not been tested.

All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of any fixture or fittings.

Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked prior to agreeing a sale.