Lincoln, LN2 1BF | Investment Property for Sale | VES-LN2-001

Opportunity to purchase a 4-unit block in Lincoln generating £35,640 gross rent pa & 6.5% gross yield

£550,000

4 unit block

VES-LN2-001

INITIAL INVESTMENT

£159,500

Based on

deposit: £137,500

stamp duty: £16,500

mortgage fees: £1,500

conveyancing fees: £4,000

GROSS RENT

£35,640

GROSS YIELD

6.5%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

4

TENANCY STATUS

Tenanted

FURNISHED

Yes

TOTAL SQ FT

2,080

PRICE SQ FT

£264

Please note that this property is also part of a larger portfolio listing.

Block information

  • Freehold block comprising of:
    • 1 x 1-bed apartment
    • 3 x 2-bed apartments
  • Common entrance to 3 out of the 4 apartments
  • The 4th apartment has its own private entrance
  • EPC ratings C & D

Rental information

  • Fully tenanted
  • Aggregate rental income £2,970 pcm
  • Aggregate rental income £35,640 pa

Location information

The property is located in a prime city-centre location with excellent transport links.

Notes

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Lincoln, East Midlands

Lincoln is a cathedral city and county town of Lincolnshire in the East Midlands. Lincoln is 27.3 miles south of Scunthorpe and 39 miles north-east of Nottingham.

The city of Lincoln is serviced by one main train station Lincoln Central and fortunately this property is around a 20-minute stroll away. The Majority of the services are operated by East Midlands Trains, along side a few owned by Northern and London North Eastern Railway. East Midlands Trains operates regular services to other major cities in the Midlands such as Nottingham, Doncaster, Peterborough and Sheffield, and one service a day to London St Pancras. There is also one service a day to London King’s Cross that is operated by London North Eastern Railway.

Lincoln is historically known as a tourist attraction due to its numerous historical buildings such as the cathedral, Castle and Medieval Bishop’s Palace. This property is located in the centre of town and so is in walking distance of all these sights as well as other cultural attractions like the Museum of Lincolnshire Life and the Usher Gallery. Around the River Witham that runs through the centre of town is the shopping hub of the city. The Waterside shopping centre provides the main bulk of retail options in the area, and a short hop over the High Bridge takes you to the High Street which has other retail options to satisfy one’s commercial needs. This area is also rich in a number of bars and restaurants that have a variety of dining options.

The city of Lincoln is home to many great employers that are constantly recruiting for new roles. Big employers such as Anglian Water, the Royal Air force, Danwood Group, Siemens and Fairfax management consultants. A short hour journey on the train shall deliver you in to the heart of Nottingham which has a vast array of jobs on offer also.

Lincoln is also home to two Universities, the most established being the University of Lincoln.

The Glory Hole,

Lincoln,

Lincolnshire,

England,

LN2 1BF

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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