Studio apartment for sale

Portland Street, Lincoln

Sold STC £1,100,000

Property Description

Key features

  • 7.2% Yield
  • 14 Apartments
  • City Centre Location
  • Planning Permission Inclusive

Full description

Tenure: Freehold

Yielding 7.2 %..........Investment opportunity to purchase a city centre located residential block of 14 apartments currently turning over £79,320 per annum… The block currently consists of 14 apartments comprising six, one bedroom and 8 eight, two bedroom duplex apartments all furnished.  The property is also being sold with the added advantage of planning permission inclusive, for a further 6 units with a potential income of £36,000 per annum.  

SIX) One Bedroom Apartments are located on the ground floor with independent access and comprise of an open plan kitchen diner lounge, one double bedroom, inner hallway with storage and fully equipped bathroom. 

(EIGHT) Two Bedroom Duplex Apartments are located to the first and second floor and have communal access with entry telephone com system and comprise of entrance hallway, two bedrooms, first floor open plan kitchen diner lounge and fully equipped bathroom.

The outside areas is maintained and serviced to include a private covered bin store area and communal terrace/outside space. 

FREEHOLD.  

SERVICES All main services are connected.  

VIEWING By appointment through FranKeys Telephone 01522 842730. 

Energy Performance Certificate (EPC) graphs

Listing History

Added on Rightmove:
29 September 2016

Nearest stations

  • Lincoln Central (0.2 mi)
  • Hykeham (3.3 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Frankeys, Lincoln

13-15 Clasketgate, Lincoln, LN2 1JS

03339 873688 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Lincoln Central (0.2 mi)
  • Hykeham (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Frankeys, Lincoln

13-15 Clasketgate, Lincoln, LN2 1JS

03339 873688 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 102305000045. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Frankeys, Lincoln. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.