The purchase price of the property is £50,000 and it requires some modernisation.
A grant has been agreed from the council for up to £10,000 to refurbish the property which is paid by the council within 2 weeks of them receiving the invoices and inspecting the property post works.
2 contractors quotes have been approved by the council and ready to start works immediately after the completion if required to take advantage of the £10,000 refurbishment grant.
Also, Tenants are in place to move in at £500/month or corporate lease at £350/month on a 3-year lease.
The average last 3 sales on the street are: £49,995, £57,000, £75,000 which gives an average of £60,665 Approx which makes it genuinely 20% Approx below market value!
The market town Gainsborough is located within Lincolnshire; the North East of England. The road is located within close vicinity of two train stations, Gainsborough Central is a 5 minutes away and Lea Road Station is a 2-minute drive.
Price: Offers in excess of £48,500 Subject To Contract.
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