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Larchwood Crescent, Lincoln, Lincolnshire, LN6

££600,000 Guide

12 Bedroom Block of Apartments For Sale

* ERV OF £48,300PA * A superb opportunity to acquire an apartment block consisting of seven fully let, self containing, apartments in the city of Lincoln.

INTRODUCTION

A unique opportunity to acquire a freehold investment property comprising seven self-contained apartments all currently let on Assured Shorthold Tenancies with a rent passing of £45,700. The estimated rental value is £48,300pa representing an 8% yield.

LOCATION

The property is located close to the Birchwood Centre which benefits from a mix of convenience stores, hairdressers and other outlets. There is a bus stop nearby providing a regular service to the city of Lincoln. Lincoln is one of England's most historic cities, with the impressive Norman castle and one of the finest medieval cathedrals in Europe. The city also benefits from two well-regarded universities, a fantastic entertainment district and a wealth of bars and restaurants. The property is located five miles from the historic Bailgate area and city centre of Lincoln which has a superb selection of amenities, schools and excellent transport links. The A15 and the A46 roads provide direct access to the north and south of the county. There are also direct trains to London and Edinburgh from Newark Northgate, within easy reach of Lincoln.

ACCOMMODATION



Flat One

Second Floor - Two Bedrooms
Rent Passing--£580 pcm
ERV- £625 pcm
EPC Rating: C

Flat Two

First Floor - Two Bedrooms
Rent Passing- £540pcm
ERV- £600pcm
EPC Rating: B

Flat Three

First Floor - One Bedroom
Rent Passing- £490pcm
ERV- £500pcm
EPC Rating: B

Flat Four

First Floor - One Bedroom
Rent Passing- £495pcm
ERV- £500pcm
EPC Rating: C

Flat Five

Ground Floor - Two Bedrooms
Rent Passing- £575pcm
ERV- £600pcm
EPC Rating: C

Flat Six

Ground Floor - Two Bedrooms
Rent Passing- £550pcm
ERV- £600pcm
EPC Rating: C

Flat Seven

Ground Floor - Two Bedrooms
Rent Passing- £560pcm
ERV- £600pcm
EPC Rating: C

METHOD OF SALE

By way of private treaty.

TENURE

Freehold.

ENERGY PERFORMANCE CERTIFICATE

EPC: Please see above

COUNCIL TAX BAND

Council tax band: A - Applies to all apartments

VIEWINGS

By prior arrangement with the Sole Agents (01522 716204).

PARTICULARS

Drafted following clients' instruction of September 2021.

ADDITIONAL INFORMATION

For further details, please contact Daniel Baines at Mount & Minster:
T: 01522 716204
E: daniel@mountandminster.co.uk

Brochure

Floorplans

floorplan floorplan floorplan floorplan floorplan floorplan floorplan

No EPC available for this property

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Office Details

Lincoln
Atton Place
32 Eastgate
Lincoln
LN2 1QA

01522 716204
info@mountandminster.co.uk

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