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For Sale Block Of Flats
St. Thomas Road, Spalding £770,000
Property Features
Location:
85 St. Thomas Road, Spalding, PE11 2TJ
85 St. Thomas Road, Spalding, PE11 2TJ
Area:463sqft
Council Tax Band:A
Tenure:Leasehold
Lease:
Contact Agent
Spalding6 New Road
Spalding
Lincolnshire
PE11 1DQ
Tel: 01775 766888
info@arkpropertycentre.co.uk
About the Property
A well-located 7 flats for sale, out of a total 10 in the block, near Spalding Town Centre.
The apartments offer well-planned accommodation in a highly convenient setting, just a short distance from Spalding town centre, local schools and everyday amenities.
The property benefits from allocated tenant parking spaces, a valuable asset in a central location, and sits in an area of strong and consistent rental demand.
Currently let to reliable tenants, the property presents a strong investment opportunity, though it can also be sold with vacant possession for those looking to move straight in.
Offered for sale as a single lot, this opportunity is ideal for investors, developers, or an owner-occupier seeking a property with ongoing rental income potential.
Viewings and further information available on request.
- 7 flats for sale, out of a total 10 in the block near Spalding Town Centre
- Open-plan kitchen and living space, ideal for modern living
- Apartments have two comfortable bedrooms with a shower room
- Close to town centre amenities, schooling and transport links
- Allocated tenant parking spaces included
- Fully let
- Current Annual Rental Income: £65,256
- 8.5% Return
Property Details
FLAT 1 - Ground Floor
Entrance Hall
Entrance door. Built in utility cupboard.
Lounge
PVC double glazed French doors. Coving to ceiling. Radiator. Opening to kitchen.
Kitchen
PVC double glazed window. Coving to ceiling. Tiled flooring. Fitted base and eye level units with tiled splashbacks. Four ring electric hob with extractor hood over. Electric oven and grill. Stainless steel sink and drainer. Space for fridge freezer.
Bedroom 1
PVC double glazed window. Coving to ceiling. Laminate flooring. Radiator.
Bedroom 2
PVC double glazed window. Coving to ceiling. Laminate flooring. Radiator.
Bathroom
PVC double glazed window. Tiled flooring and wall tiling. Radiator. Fitted shower cubicle. Toilet. Wash hand basin.
FLAT 2 - Ground Floor
Entrance Hall
Entrance door. Built in utility cupboard.
Lounge
PVC double glazed French doors. Coving to ceiling. Radiator. Opening to kitchen.
Kitchen
PVC double glazed window. Coving to ceiling. Tiled flooring. Fitted base and eye level units with tiled splashbacks. Four ring electric hob with extractor hood over. Electric oven and grill. Stainless steel sink and drainer. Space for fridge freezer.
Bedroom 1
PVC double glazed window. Coving to ceiling. Radiator.
Bedroom 2
PVC double glazed window. Coving to ceiling. Radiator.
Bathroom
PVC double glazed window. Tiled flooring and wall tiling. Radiator. Fitted shower cubicle. Toilet. Wash hand basin.
FLAT 3 - Ground Floor
Entrance Hall
Storage cupboard. Door to lounge, bedrooms and shower room.
Lounge
UPVC window. Radiator. Laminate wood flooring.
Kitchen
Matching range of base and eye level units with work surfaces over. Sink unit with drainer and mixer tap. Tiled splash backs. Electric hob with extractor hood over. Built in oven and grill. Space for fridge/freezer. Tiled flooring.
Bedroom 1
UPVC window. Radiator. Laminate wood flooring.
Bedroom 2
UPVC window. Radiator. Laminate wood flooring.
Bathroom
Shower cubicle with electric shower over. Wash hand basin. Toilet. Radiator. Wood effect flooring.
FLAT 4 - Ground Floor
Entrance Hall
Entrance door. Built in utility cupboard.
Lounge
PVC double glazed French doors. Coving to ceiling. Radiator. Opening to kitchen.
Kitchen
PVC double glazed window. Coving to ceiling. Tiled flooring. Fitted base and eye level units with tiled splashbacks. Four ring electric hob with extractor hood over. Electric oven and grill. Stainless steel sink and drainer. Space for fridge freezer.
Bedroom 1
PVC double glazed window. Coving to ceiling. Radiator.
Bedroom 2
PVC double glazed window. Coving to ceiling. Radiator.
Bathroom
PVC double glazed window. Tiled flooring and wall tiling. Radiator. Fitted shower cubicle. Toilet. Wash hand basin.
FLAT 5 - First Floor
Entrance Hall
Entrance door. Built in utility cupboard.
Lounge
PVC double glazed window. Coving to ceiling. Radiator. Opening to kitchen.
Kitchen
PVC double glazed window. Coving to ceiling. Tiled flooring. Fitted base and eye level units with tiled splashbacks. Four ring electric hob with extractor hood over. Electric oven and grill. Stainless steel sink and drainer. Space for fridge freezer.
Bedroom 1
PVC double glazed window. Coving to ceiling. Radiator.
Bedroom 2
PVC double glazed window. Coving to ceiling. Radiator.
Bathroom
PVC double glazed window. Tiled flooring and wall tiling. Radiator. Fitted shower cubicle. Toilet. Wash hand basin.
FLAT 6 - First Floor
Entrance Hall
Entrance door. Built in utility cupboard.
Lounge
PVC double glazed window. Coving to ceiling. Radiator. Opening to kitchen.
Kitchen
PVC double glazed window. Coving to ceiling. Tiled flooring. Fitted base and eye level units with tiled splashbacks. Four ring electric hob with extractor hood over. Electric oven and grill. Stainless steel sink and drainer. Space for fridge freezer.
Bedroom 1
PVC double glazed window. Coving to ceiling. Radiator.
Bedroom 2
PVC double glazed window. Coving to ceiling. Radiator.
Bathroom
PVC double glazed window. Tiled flooring and wall tiling. Radiator. Fitted shower cubicle. Toilet. Wash hand basin.
FLAT 8 - First Floor
Entrance Hall
Entrance door. Built in utility cupboard.
Lounge
PVC double glazed window. Coving to ceiling. Radiator. Opening to kitchen.
Kitchen
PVC double glazed window. Coving to ceiling. Tiled flooring. Fitted base and eye level units with tiled splashbacks. Four ring electric hob with extractor hood over. Electric oven and grill. Stainless steel sink and drainer. Space for fridge freezer.
Bedroom 1
PVC double glazed window. Coving to ceiling. Radiator.
Bedroom 2
PVC double glazed window. Coving to ceiling. Radiator.
Bathroom
PVC double glazed window. Tiled flooring and wall tiling. Radiator. Fitted shower cubicle. Toilet. Wash hand basin.
Outside
The flats benefit from allocated parking.
Parking Spaces
Current Rental Income
Flat 1- £185 per week (£9,620 per annum)
Flat 2- £175 per week (£9,100 per annum)
Flat 3- £758 per month (£9,096 per annum)
Flat 4- £185 per week (£9,620 per annum)
Flat 5- £175 per week (£9,100 per annum)
Flat 6- £185 per week (£9,620 per annum)
Flat 8- £175 per week (£9,100 per annum)
Property Postcode
For location purposes the postcode of this property is: PE11 2TJ
Additional Information
PLEASE NOTE:
All photos are property of Ark Property Centre and can not be used without their explicit permission.
Verified Material Information
Tenure: Leasehold
Length of lease: 125 years. Originated: 1 May 2006. Terminates: 30 Apr 2131
Council tax band: A
Annual charge: : Sterling House, (Spalding) Management, Company Limited. Service Charge: £1,500.30 PA
Property construction: Brick built
Electricity supply: Mains
Water supply: Mains
Sewerage: Mains
Broadband: As stated by Ofcom, Standard, Superfast and Ultrafast is available.
Mobile coverage: As stated by Ofcom, Indoor - EE is Likely over Voice and Data. Three is Limited over Voice and Data. O2 is Limited over Voice and Data. Vodafone is Limited over Voice and Data.
Mobile coverage: As stated by Ofcom, Outdoor - EE is Likely over Voice and Data. Three is Likely over Voice and Data, O2 is Likely over Voice and Data. Vodafone is Likely over Voice and Data.
Parking: Allocated parking
Building safety issues: Not known
Restrictions: Not known
Public right of way: Not known
Flood risk: Surface water - low. Rivers and the sea - medium. Other flood risks - Groundwater - flooding from groundwater is unlikely in this area. Reservoirs - flooding from reservoirs is unlikely in this area.
Coastal erosion risk: Not known
Planning permission: Please refer to South Holland District Council Planning Portal for any planning applications.
Accessibility and adaptations: Not known
Coalfield or mining area: Not known
Energy Performance rating: C73
Viewing Arrangements
Viewing is by appointment with Ark Property Centre only. We suggest you call our office for full information about this property before arranging a viewing.
Offer Procedure
Please note: before an offer is agreed on a property you will be asked to provide I.D and proof of finance, in compliance Money Laundering Regulations 2017 (MLR 2017). The business will perform a Money Laundering Check as part of its Money Laundering Policy.
If a cash offer is made, which is not subject to the sale of a property, proof of funds will be requested or confirmation of available funds from your solicitor.
Ark Property Centre
If you are thinking about selling your property or are not happy with your current agent - we can offer a FREE valuation service with no obligation.
Referral & Fee Disclosure
We can also offer full Financial and Solicitor services.
We have strong relationships with a panel of trusted solicitors and mortgage advisors. Because we refer a high volume of work to them, they’re able to provide our clients with preferential service and competitive rates. If we introduce you to one of these solicitors or mortgage advisors, we may receive a referral fee of between £100 and £250. We only work with firms we trust to deliver high-quality advice and good value. You are free to use any solicitor or mortgage advisor you choose, but we hope you find our recommended panel competitive and helpful.
Disclaimer
These particulars, whilst believed to be accurate are set out as general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has authority to make or give representation or warranty in respect of the property. These details are subject to change.
