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Flat 2 Living
Flat 2 Kitchen
Flat 2 Bathroom
Flat 2 Bedroom
Flat 3 Living
Flat 3 Bedroom
Flat 3 Bathroom
Flat 3 Kitchen
Flat 4 Bedroom
Flat 4 Living
Flat 4 Kitchen
Flat 4 Kitchen
Flat 4 Kitchen
Flat 1 Bathroom
Flat 1 Bedroom
Flat 1 Kitchen
Flat 1 Living Room
Flat 1 Kitchen
Flat 1 Living Room
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Flat 1
Flat 2
Flat 3
Flat 4
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Total views:  2500+
Guide price
£125,000

Block of apartments for sale

Park Street, Grimsby, Lincolnshire, DN32
Auction
Block of apartments
Added > 14 days

Key information

TenureFreehold
Council taxBand A
BroadbandUltra-fast 1000Mbps *

Features and description

  • Immediate "Exchange Of Contracts" Available
  • Sold Via "Secure Sale"
  • 4 x 1 Bedroom Flats
  • £15,480 Passing Rent
  • 11% Yield At The Current Asking Price
  • Off-Road Parking
  • Excellent Investment
  • U PVC Double Glazing
*BEING SOLD VIA SECURE ONLINE BIDDING. Terms & Conditions apply. - STARTING BID £125,000*

4 x 1 bedroom flats, current income £15,480 representing a yield in excess of 11% at the current asking price. An excellent investment, not to be missed.
Flat 1 is tenanted at a passing rent of £335PCM commencing in June 2018
Flat 2 is tenant at a passing rent of £265PCM commencing in January 2020
Flat 3 is tenanted at a passing rent of £350PCM commencing in September 2023
Flat 4 is tenant at a passing rent of £340PCM commencing in May 2024.
An excellent investment opportunity, not to be missed.

Rooms

Info For Buyers
Photos were taken before each individual tenancy commenced.

Tenancies
Flat 1 is tenanted at a passing rent of £335PCM commencing in June 2018 Flat 2 is tenant at a passing rent of £265PCM commencing in January 2020 Flat 3 is tenanted at a passing rent of £350PCM commencing in September 2023 Flat 4 is tenant at a passing rent of £340PCM commencing in May 2024

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively. The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti (truncated)

Broadband & Mobile Phone Coverage
Please use the following link to check the mobile phone and broadband coverage for this property.

Services
We have not tested or inspected any heating systems, fixtures, appliances or services, purchasers should rely on their own survey.

Council Tax Band A
This information was obtained on the 4th April 2025 and is for guidance purposes only. Purchasers should be aware that the banding of the property could change if information is brought to light that makes it clear to the Valuation Office Agency that an error was made with the original allocation. Additionally, there may be circumstances when the Council Tax can be altered on change of ownership. All interested parties are advised to make their own enquiries. See

Sources Of Useful Information
Purchasers may find the following websites useful in providing additional information in respect of the property and the immediate surrounding area.

Mortgage Advice
Mortgage Advice Bureau works with Jackson, Green & Preston Estate Agents to provide their clients with expert mortgage and protection advice. We have access to over 12,000 mortgages from 90+ lenders so we can find the right mortgage to suit your individual needs. The expert advice we offer, combined with the volume of mortgages that we arrange, places us in a very strong position to ensure that our customers have access to the latest deals available and receive a first-class service. We will take care of everything from explaining all of your options and helping you select the right mortgage, to choosing the most suitable protection for you and your family and handling the whole application process. Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. Mortgage Advice Bureau (truncated)

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About this agent

Jackson Green and Preston Estate Agents and Property Management - Grimsby
Jackson Green and Preston Estate Agents and Property Management - Grimsby
19 West St. Mary's Gate Grimsby DN31 1LE
01472 467885
Full profileProperty listings
Founded in 1920, Jackson Green & Preston is Grimsby and Cleethorpes largest and best known local Estate Agency, with 100 years experience in the property market. In 2011, on the retirement of the Partners in Goudes Chartered Surveyors, we acquired their very successful Lettings and Management Department, reinforcing our position as one of Grimsby's premier Management Agents. In 2016, following the retirement of the principal of Bacons Property Management, we were again approached and offered the opportunity to further enhance our position as Grimsby’s leading lettings specialist by acquiring Bacons Property Management. We have two offices, both situated in Town centre locations, each having excellent window displays. Well laid out and smartly furnished, the offices have a warm and welcoming atmosphere, and our friendly staff are always on hand to offer assistance and advice.
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