6 bedroom property for sale

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6 bedroom property for sale

26, 26A & 26B Albany Street, Lincoln LN1
£415,000

Our Summary

  • INVESTMENT PROPERTY, 3 x 2 Bed Separate Dwellings, Recently Converted, FULLY LET UNTIL AUGUST 2025, Generating approx £45k gross pa, UPHILL LOCATIONProperty Description - We are delighted to offer to the market an investment opportunity of 3 separate two bedroom properties situated in the popular Uphill area of Lincoln just off Burton Road
  • INVESTMENT OPPORTUNITY
  • Investment opportunity

Description

This investment property comprises three separate two-bedroom dwellings, fully let until August 2025, generating approximately £45,000 gross per annum. The properties are situated in an uphill location in Lincoln, close to shops, amenities, and the Cathedral Quarter. Each property has been fully refurbished in 2022 with separate heating systems and utilities, and benefits from gas central heating, uPVC double-glazed windows, and fully fitted kitchens. The properties are sold fully furnished with all agreements in place, and are currently let for £260-£300 per week, including bills. The management fee, gas, electric, TV licenses, and water bills are paid by the landlord. The property is an excellent investment opportunity, with a potential annual return of around 7.5%.