Block of flats for sale

Avenue Road, Grantham NG31

The property comprises an attractive Victorian building, originally constructed circa 1880, which has since been thoughtfully converted to provide a total of fifteen self-contained residential apartments. The accommodation is arranged to include two spacious two-bedroom flats and thirteen well-proportioned one-bedroom flats, offering a diverse range of living options that cater to a broad tenant demographic.

Situated at 10–11 Avenue Road, the property retains many of its original period features, contributing to its architectural charm and character, while benefitting from modern updates in line with contemporary residential standards.

The building also includes a substantial basement area, which is currently utilised for storage purposes but may offer potential for alternative uses. To the rear of the property, there is a generously sized yard providing off-street parking for up to ten vehicles. Furthermore, the property benefits from two separate garages, also positioned at the rear.

The entire property is presently fully let, generating a consistent rental income and representing a secure investment opportunity with immediate returns. This well-maintained asset is ideally suited for investors seeking a prime residential holding in a desirable and well-connected location.

The building currently achieves a rental income of £82,000 per annum.

Grantham is a historic market town located in the South Kesteven district of Lincolnshire, steeped in heritage and charm.

The town offers an excellent blend of traditional character and modern amenities, making it an increasingly popular choice for both families and professionals. Grantham boasts a wide range of shops, cafés, restaurants, and leisure facilities, alongside well-regarded schools and healthcare services. The twice-weekly market continues to draw visitors and locals alike, maintaining the town’s strong sense of community.

Grantham enjoys superb transport links, with direct rail services to London King’s Cross in just over an hour, making it ideal for commuters. The town is also conveniently positioned near the A1, providing easy access to both the North and South of the country.

Surrounded by picturesque countryside and historic landmarks, including Belton House and Woolsthorpe Manor, Grantham combines the tranquillity of rural living with the convenience of urban accessibility. It remains an appealing location for residents seeking a balance between lifestyle, connectivity, and affordability.