Property Type | Development / Investment |
Tenure | For Sale |
Size | 0.50 Acres |
Price | Offers in excess of £500,000 |
Rates Payable | Upon Enquiry |
EPC Rating | This property has been graded as D (55) |
Ancaster Hall is a 17th-century stone-built property with a pitched tile covered roof and hosts a number of period features. Currently the property comprises 11 self-contained flats, including one rear detached annex. The live rental income of Ancaster Hall is £32,820 with 4 flats vacant. The property holds the prospects to update and reconfigure to elevate this total, subject to any planning consents needed.
Additionally, the 0.5-acre plot offers great conversion and expansion capabilities if the desired use was a statement residential home that includes a large rear garden, a wine cellar & additional outbuildings and unencumbered views both front and rear, subject to planning.
Name | Size | Tenure | Price | Availability |
Building - & gardens - Ancaster Hall | 0.50 Acres | For Sale | £500,000 | Available |
Ancaster, though a small rural village, boasts a variety of amenities such as its own railway station, nursery, primary school, doctor's practice, convenience store, public house, playing fields and a petrol station. The village is situated 6 miles west of Sleaford and 8 miles north of Grantham, on the northern side of the A153.
Offered for sale as a freehold investment.
Ancaster Hall is offered with tenanted possession. Of the 11 self contained flats 7 flats are currently tenanted with active AST's, 4 at present are vacant.
ERV: £51,480 - Guide price - offers in access of £500,000
We are advised that all mains services are connected to the property with the exception of gas. These services have not been inspected or tested by the agent.
Each flat is individually metered to both water and electricity:
- Water charges are billed directly to the tenant via the supplier.
- Electricity is billed to the landlord and then charged to the tenants based on their usage as recorded by the sub-meter.