Floorplan
Map8 bedroom block of apartments for sale
Key information
Features and description
- For Sale by Modern Auction – T & C’s apply, subject to reserve price, buyers fees apply
- Block of 8 one-bedroom apartments in a charming cottage-style building enclosing a private courtyard.
- Significant refurbishment completed including new kitchens, shower rooms, electrics, lighting, and decoration.
- Central Brigg location with excellent transport links and close proximity to local amenities.
- Attractive investment potential with estimated gross yields of up to 9% based on projected rental income.
An exciting chance to acquire a purpose-built block of eight self-contained one-bedroom apartments, arranged as a mix of ground floor, first floor, and maisonette-style layouts. The building itself enjoys a charming cottage-style design enclosing a private courtyard, giving the development real character and kerb appeal – a rare find in this sector
The property has already undergone significant refurbishment, with new kitchens, shower rooms, electrics, lighting, and decoration completed throughout. Please note: one apartment still requires a kitchen to be installed, while seven require flooring, and the external grounds need clearing. These are the main works outstanding, although buyers should satisfy themselves as to what further works may be necessary
Once complete, the block will provide modern, ready-to-let accommodation perfectly suited to meet the strong local demand for one-bedroom properties in Brigg and the wider DN20 area. With excellent transport links and proximity to local amenities, these units are ideally positioned for both the rental and resale markets.
Based on comparable properties in the area, we would expect the apartments to achieve in the region of £650–£700pcm each, giving a total potential rental income of £62,400–£67,200 per annum. These figures are provided as a guide only and will of course depend on market conditions at the time of letting.
This is a genuine turnkey investment project with the potential for strong rental yields and future capital appreciation. Rarely does an entire block come to market in such an advanced stage of refurbishment, especially one with such an attractive cottage-style setting and enclosed courtyard, offering investors the chance to step in and complete the works to their own specification.
To be sold strictly as seen, with no further works undertaken by the seller.
Rooms
AUCTIONEERS COMMENTS
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
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The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
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