20 bedroom detached house for sale

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20 bedroom detached house for sale

Greetwell Close, Lincoln LN2
£1,950,000

Our Summary

  • INVESTMENT OPPORTUNITY, 11 x Flats, FULLY LET and Total gross rental income of approx £124k pa (9 x 2 Bed and 2 x 1 Bed) ALLOCATED PARKING for each flat, Separate heating systems and services, FREEHOLD
  • Property Description - We are delighted to offer to the market a fantastic Investment Opportunity which is currently achieving a total gross rental income of approximately £124k PA
  • Investment Opportunity

Description

This is an investment opportunity to purchase a fully let, freehold property in Lincoln, comprising 11 flats, including 9 two-bedroom and 2 one-bedroom units. The property has been newly refurbished throughout and offers a total gross rental income of approximately £124,000 per annum. Each flat has its own allocated parking space, separate heating system, and services. The property is situated close to Lincoln Hospital, the city center, and various amenities, with easy access to the A46 and A1 motorways. The current rents being achieved range from £850 to £975 per calendar month, with each flat having an EPC rating of C. The property is fully let, with tenants responsible for their own utility bills. This is an excellent opportunity for investors to purchase a well-maintained property with a strong rental income.