1 bed flat for sale

Victoria Street, Grantham NG31

No onward chain - This comfortable One Double Bedroom Property is perfect for Investors or First Time Buyers. The property has been fully refurbished to a good standard throughout and is located in a quiet and sought after location giving good access to the A1 North and South along with only a short walk to Main Line Railways Station. The property is currently used as an Air B&B and has given Gross income - £22,865 - 2023 / £22,205 - Jan-Dec 2024 / 2025 to date -- 86% Occupancy -- The seller has said that he will hand over the Air B&B & platforms as well to keep this business opportunity going if the new buyer would want to take this on at agreed asking price. This is a great opportunity to own an off the shelf investment property and if you have the spare time to do the short term let 'resets' can create a very healthy annual income with proven figures since 2021.

A fantastic property with a very healthy income! One not to be missed!

Property Ownership Information

Tenure

Leasehold

Council Tax Band

A

Annual Ground Rent

No ground rent

Ground Rent Review Period

No review period

Annual Service Charge

No service charge

Service Charge Review Period

No review period

Lease End Date

23/03/2114

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.