Rhodes House, Northgate, Sleaford, Lincolnshire, NG34 7BX

This property comprises a block of five large flats, situated in a central location with access to local amenities. The building is held under one title, with the potential to divide it and create leasehold titles for each flat. Each flat features its own entrance and retains historical characteristics such as high ceilings and sash windows. All flats are currently tenanted, providing a guaranteed rental income. The accommodation includes: Flat 1 with 2 bedrooms, a reception room, hallway, and bathroom, achieving £1,000 per month; Flat 2, a 3-bedroom shared accommodation with one room tenanted, currently achieving £435, with potential to reach £1,305; Flat 3, a 2-bedroom flat achieving £290, with potential to increase to £570; Flat 4, a large 3-bedroom flat achieving £530, with potential to increase to £950; and Flat 5, a 2-bedroom flat achieving £290, with potential to increase to £950. The estimated potential annual income for the property is £57,300, with a yield of approximately 14%. The building also includes a large dry basement that could be converted into additional flats. Some flats may require modernization.