9 Banks Street,
Horncastle

• NO ONWARD CHAIN
• Substantial detached period property in the heart of Horncastle
• Sympathetically converted into five spacious one bedroom apartments
• Contemporary warehouse style living
• Many original features retained
• Unique investment opportunity

**NO CHAIN** 9 Banks Street is a rare opportunity to acquire a beautiful, substantial period property in the heart of the conservation area of the Georgian market town of Horncastle. The former warehouse has been sympathetically converted and offers five one bedroom flats and a large ground floor storage area.

The current rental value of each flat is £360.00 per calendar month giving a gross annual income with 100% occupancy of £21,600, a gross yield of 7.8% on an asking price offer. This freehold investment opportunity is offered with a number of tenants currently in occupancy.

The flats are sympathetically converted and offer contemporary warehouse style living with features including exposed internal brick walls and original features alongside the convenience of modern living, each flat having independent gas central heating systems, modern kitchens and bathrooms.

Flats 1 has an individual external entrance but 2 and 3 are similar in layout with separate sitting rooms, flats 4 and 5 are similar in layout with an open plan living space.

**Please note: All images are from 2019**