2 bed flat

This is a buy-to-let investment opportunity in Sandars Maltings, a development of 48 apartments located on the banks of the River Trent in Gainsborough. The apartments, starting from £69,950, offer a net yield of up to 7.2% with long-term lets and up to 10% for short-term lets, which are permitted. The development is tenanted, with all but two units occupied, and has a proven tenant demand. The property is leasehold with a 250-year lease from 2004, and the ground rent is nil. The service charge is £1,630 per annum. With prices in Gainsborough rising by 22.92% over the past five years, this is a rare opportunity to invest in a project offering exceptional value for money.