20 bedroom block of apartments for sale

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20 bedroom block of apartments for sale

The Old School House, Bargate, Lincoln LN5
£950,000

Our Summary

  • 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

Description

This historic Old School House, now converted into a luxurious block of eight apartments, offers a unique investment opportunity in the heart of Lincoln city centre. The property boasts 20 spacious bedrooms across four two-bedroom and four three-bedroom apartments, each with its own unique blend of modern convenience and historical charm. With over 6,500 square feet of living space, the building features five apartments with private access and dedicated parking spaces, providing a high level of convenience for residents. Currently, all apartments are rented on Assured Shorthold Tenancies, ensuring a stable stream of income for investors. With untapped potential for increased yield, this property presents an enticing opportunity for investors to expand their portfolio or secure a new investment.