20 bed block of flats for sale

The Old School House, Bargate, Lincoln LN5

Perfectly positioned on the edge of Lincoln city centre, The Old School presents an exclusive opportunity for discerning investors seeking a lucrative venture in a vibrant cityscape.

Formerly an Old School House, this historic gem has been meticulously transformed into a prestigious freehold block of eight spacious apartments, offering the epitome of refined urban living.

This converted masterpiece, boasts a total of 20 expansive bedrooms spread across 8 apartments (four two-bedroom and four three-bedroom apartments).

Each apartment offers an elegant charm and a harmonious blend of modern convenience and historical character. Steeped in history, with an enchanting charm that captivates the senses, the former Old School House stands as a testament to enduring elegance and timeless allure.

The building encompasses over 6,500 square feet of living space, allowing residents to savour the freedom of spacious interiors and sprawling layouts. With five apartments offering private access and dedicated parking spaces for every unit, convenience is seamlessly woven into the fabric of every-day life.

Currently, all apartments are rented on Assured Shorthold Tenancies (AST), ensuring a steady stream of income for the astute investor. The property not only provides a stable return on investment but also presents an enticing opportunity for further growth with untapped potential for increased yield.

Envision the endless possibilities that this property offers, whether you are an experienced investor looking to expand your portfolio or a newcomer seeking a secure investment.

Rental Information relating to this investment can be obtained by contacting our Director of Sales; Stuart Richards.

Apartment 1: 814sq ft - 3 bedrooms
Apartment 2: 833sq ft - 3 bedrooms
Apartment 3: 642sq ft - 2 bedrooms
Apartment 4: 808sq ft - 2 bedrooms
Apartment 5: 764sq ft - 2 bedrooms
Apartment 6: 616sq ft - 2 bedrooms
Apartment 7: 1230sq ft - 3 bedrooms
Apartment 8: 859sq ft - 3 bedrooms