2 bed Block of Flats For Auction

TO BE SOLD BY ONLINE AUCTION ON 21 ST – 22 ND OCT UNLESS SOLD PRIOR UNDER AUCTION TERMS.

12 & 12A George Street, Mansfield, NG19 6SA

An excellent opportunity for investors to acquire an end-terraced property currently arranged as two self-contained one-bedroom flats, both of which are sold with tenants in situ and provide an immediate rental income.

Held under one title, the property currently produces a combined rental income of £1,000 PCM / £12,000 per annum, offering an attractive proposition for those looking to add to or expand an existing rental portfolio.

The first-floor flat, accessed via its own entrance to the front, is understood to be presented in comfortable condition and is currently let at £550 PCM.

The ground-floor flat benefits from its own separate side entrance together with a good-sized rear garden. The accommodation offers scope for improvement and enhancement, providing the potential to add value and potentially increase the rental return in the future. This flat is currently let at £450 PCM.

Both tenants are understood to be reliable, with rent paid on time, and are happy to accommodate viewings by prior arrangement.

A ready-made investment with income from day one, together with further potential to enhance the property and rental returns.

Please note: Edward Mellor has not inspected the property internally. The property information and photographs have been provided by the vendor and interested parties should satisfy themselves as to the accommodation, condition and all other relevant details prior to bidding.