£425,000

Block of flats for sale

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Fixed price

£425,000

(£513.91/sq. ft)

Block of flats for sale

Monson Street, Lincoln LN5

827 sq. ft

Local area information

Property location

Nearby amenities

  • The Lincoln St Peter at Gowts Church of England Primary School 0.2 miles
  • Springwell Lincoln City Academy 0.2 miles
  • Lincoln 0.3 miles
  • Hykeham 3 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Lincoln to find out more about the local area.

Features and description

Investment Consideration:
Gross Initial Yield: 9.12%
Rental Income: £38,760 p.a.
VAT is not applicable to this property
Comprises two-storey 6-bedroom HMO (4 en-suite rooms and 2 rooms with shared bathroom)
Situated within short walk from Lincoln Train Station and St. Marks Shopping Centre, which hosts retail occupiers including Tesco, Café Nero, Sports Direct, Pure Gym, jd Sports and many more.

Property Description:
Comprises two-storey 6-bedroom HMO. Four rooms are en-suite, while two have shared bathroom. Each room is fully furnished containing a bed, desk, chair and wardrobe, providing the following accommodation and dimensions:
Ground Floor:
Room 1 - 8.7 sq m (94 sq ft)
Room 2 - 8.2 sq m (88 sq ft)
Communal Lounge/Kitchen - 20 sq m (215 sq ft)
First Floor:
Room 3 - 10 sq m (108 sq ft)
Room 4 - 10.2 sq m (110 sq ft)
Room 5 - 10.1 sq m (109 sq ft)
Room 6 - 9.6 sq m (103 sq ft)
Shared Bathroom
Total gia: 76.8 sq m (827 sq ft)

Tenancy:
Entire property is at present let on AST to 6 Individuals for a term of 51 Weeks from 6th September 2023 at a current rent of £38,760 p.a. Deposit held of £1,800.

Location:
The property is situated within short walk from Lincoln Train Station and St. Marks Shopping Centre which hosts retail occupiers including Tesco, Café Nero, Sports Direct, Pure Gym, jd Sports and many more. The city train station offers connections throughout the country, with regular services running to Newark Northgate, Edinburgh and London Kings Cross.

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Blue Alpine Partners. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Lincolnshire
  4. Lincoln
  5. Monson Street

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