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

A block of five residential flats is available for sale, situated in a central location close to various amenities. The property consists of one title, with the potential to divide it and create leasehold units. Each flat features its own private entrance and retains period characteristics such as sash windows. The building is well maintained and includes a large basement with development potential. Currently, all units are tenanted, providing immediate rental income. The current rental income is as follows: Flat 1 (2-bedroom) at £1,000 per month, Flat 2 (3-bedroom HMO) with one room let at £435 per month (two rooms vacant, potential total £1,305), Flat 3 (2-bedroom) at £290 per month (potential £570), Flat 4 (3-bedroom) at £530 per month (potential £950), and Flat 5 (2-bedroom) at £290 per month (potential £950). The estimated total annual income when fully let is £57,300, with a projected yield of approximately 14%. Some units may require modernisation, offering opportunities to enhance rental value.