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

This property comprises a block of five large flats, all currently tenanted and generating rental income. The building is centrally located, close to various amenities, and features high Victorian ceilings and sash windows. Each flat has its own entrance, with the following accommodations: Flat 1 has 2 bedrooms, a reception room, hallway, and bathroom, achieving a rent of £1,000 per month; Flat 2 is a 3-bedroom shared accommodation with one room currently tenanted, achieving £435, with the potential to generate £1,305; Flat 3 offers 2 bedrooms and is currently achieving £290, with potential to increase to £570; Flat 4 is a large 3-bedroom flat achieving £530, with potential to increase to £950; Flat 5 has 2 bedrooms, currently achieving £290, with potential to increase to £950. The estimated annual income from the property is £57,300, representing a potential yield of 14%. The building also includes a large dry basement that could be converted into additional flats. The property may be eligible for title division and leasehold creation.