Offers over
£310,000
5 bed flat for saleMonks Road, Lincoln LN2
5 beds
3 baths
3 receptions
- Freehold
Kinetic Estate Agents
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About this property
Fully Refurbished
Great Investment Opportunity
Fully Furnished
Tenanted For This Academic Year
Amazing Rental Yield
Fully Refurbished
New Heating System/New Electrics
Utilitys now all split
**fantastic investment opportunity for student accommodation**.
Offers in excess of £310,000
There are three flats in total and must be sold together. They are currently rented out for the current academic year 2023/2024. Total asking price is £310,000 with a gross rental income of £38,250,000 per annum.
For 2024/2025 the apartments are due to go up to £40,500 pa on 50 week tenancies - further info on the leases for this academic year can be requested.
The flats have all been recently renovated to a high standard, new carpets, heating system, radiators, electrics, kitchens, (having integrated oven and electric hobs), bathrooms, carpets and general cosmetic decoration.. All fully furnished, (Washing machine, fridge freezer, TV, sofa, beds, microwave, kettle, table and bench. All passed the building regulations with the local authority. So a very easy investment for someone who wants the security but without the hassle of refurbishing, furnishing or finding tenants for this year. Please call Kinetic for further information or a viewing. Flat one is a two bedroom apartment, 50 sqm.
Flat two is a two bedroom apartment, 50 sqm.
Flat three is a one bedroom studio apartment, 30sqm including store rooms for this apartment.
Photos
We have not got photos of every room due to access however we have managed to get a good range of photos of the apartments to showcase the condition of the property, room proportions and furnishings etc. For further info please call us or arrange a viewing.
Further Information
Council tax band - Exempt for students
Tenure - Freehold
Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.
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