12 Bedroom Block of Apartments Under Offer
* 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
Tenure: Please confirm with Mount & Minster whether this property is freehold or leasehold
No EPC available for this property
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