16 bedroom block of apartments for sale

Location...

The bustling market town of Boston has a population of approximately 73,000 residents and is located on the South Lincolnshire Fens approximately 115 miles to the north of London.

Lincoln is 35 miles to the north-west, King’s Lynn is 35 miles to the east, Nottingham is 50 miles to the west.

The town is served by a railway station, the A52, A16 trunk roads, the A17 being nearby. There is a twice weekly market, large hospital, strong retail offering, good sporting facilities and a number of well-regarded schools.

The property is located approximately a quarter of a mile to the north of the Boston Stump in the town centre on Norfolk Street with the gardens backing on to the River Witham.

Description...

This investment opportunity comprises 5 spacious two bedroomed apartments which have been modernised, a four bedroomed house, an additional building; Feverfew, containing 2 large apartments with space for further conversion works, as well as parking, patios, gardens, garages and a Folly. All accommodation is presented fully furnished.

Accommodation...

1-6 Cottage Gardens comprises 5 apartments, over 2 floors and a 2 storey 4 bedroomed house. It is located at the northern end of the site having its own parking, in addition to which are 2 large garages at ground floor level, below apartment 1. Apartments 1, 4 and 5 have large boarded loft rooms over.

Apartments 1-5 Cottage Gardens

Each apartment has a similar layout and comprises:

Entrance Hall

Open Plan Kitchen/Lounge…..….4.5m x 6.1m, 27.7sqm

Bathroom with walk-in shower.

Bedroom No. 1………………………..….2.9m x 3.4m, 9.9sqm

Bedroom No. 2…..………………….……3.3m x 2.4m, 8.1sqm

The upper floor apartments having balconies overlooking the private gardens.

6 Cottage Gardens is a four bedroomed house extending to 167sqm, 1,795sqft.

Lounge/Diner………………….…………..4.4m x 8.6m, 38sqm

Kitchen……………………………………..5.4m x 7.8m, 42.6sqm

The kitchen being well appointed and modern.

WC

First Floor

Master Bedroom with En Suite…...5.4m x 4.4m, 24sqm

Bedroom No. 2…………………………….3.4m x 2.3m, 7.9sqm

Bedroom No. 3………………………..…2.8m x 3.5m, 10.2sqm

Bedroom No. 4………………………..…3.3m x 3.3m, 11.4sqm

Family Bathroom

Feverfew, 23 Witham Place, PE21 7LG

This is a detached building of conventional construction located to the south of the gardens adjoining the apartments. This purpose-built property provides a spacious ground floor apartment with one bedroom and spacious first floor apartment both finished to a good modern standard.

The basement is undeveloped however is arranged to provide enough space to create another apartment subject to statutory planning consents.

To the rear of the property is a two-storey building which is unused and has the potential to be extended to form another residential unit subject to statutory consents.

Outside…

Between the two buildings are large mature gardens with, mature trees, seating areas, patio and a water feature accessed by both properties and by steps from Witham Place.

At the rear of Cottage Gardens is an enclosed courtyard overlooking the river, currently enjoyed by No. 6.

2 Garages…………………….……………..6.3m x 5m, 31.7sqm

Schedule of Accommodation...

1-6 Cottage Gardens, Witham Place, Boston

Apartments 1-5 each

69m2

740ft2

House No. 6

167m2

1,795ft2

Total

510m2

5,495ft2

Garages

63m2

680ft2

Feverfew, 23 Witham Place, Boston

Apartment 1

71m2

765ft2

Apartment 2

71m2

765ft2

Basement

71m2

765ft2

Total

213m2

2,295ft2

The Folly

25m2

270ft2

Total Built Area

811m2

8,730ft2

Site Area

0.19 ha

0.46 acres

EPC…

All properties have valid EPC certification as detailed in the schedule below. Updated assessment has not taken place since improvements have been made.

Planning...

Planning consent B/23/0080 dated 16th June 2023 has been granted for a new vehicular access comprising a long drive curving to the rear of the property with the potential to service the grassed area between the two buildings. Full details can be found on Boston Borough Council Planning Portal.

Schedule of Tenancies...

Cottage Gardens:

£ pcm

£ pa

EPC

Apartment 1

AST

£900

£10,800

D83

Apartment 2

AST

£900

£10,800

D60

Apartment 3

Assured Tenancy

£1,100

C74

Apartment 4

AST

£900

£10,800

D68

Apartment 5

AST

£900

£10,800

C72

House No. 6

AST

£1,400

£16,800

D56

£61,100

Feverfew:

Apartment 1

AST

£900

£10,800

D57

Apartment 2

AST

£900

£10,800

D60

£21,600

Total pa

£82,700

Total ERV

£93,500

Viewing...

All viewings are to be made by appointment through the agent, Poyntons Consultancy.