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12 bed property, in Rhodes House, £400,000
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12 bed flat

Rhodes House, Northgate, Sleaford, Lincolnshire NG34
£400,000
AuctionLeaseholdPeriod Property

The property is a large block of flats in a town location, with each flat having its own entry and large size with Victorian high ceilings. The flats are currently tenanted and provide guaranteed rent, with some tenants having long-term leases and potential for rent increases. The building features a dry, large basement that can be converted into two additional flats, and benefits from historical features such as shutters, high ceilings, and sash windows. The five existing flats range from two to three bedrooms, with potential for varying rental income, ranging from £290 to £1,000 per flat.