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Studio apartment for sale

Portland Street, Lincoln

Sold by Us £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. 


SERVICES All main services are connected.  

VIEWING By appointment through FranKeys Telephone 01522 842730. 

Listing History

Added on Rightmove:
29 September 2016

Map & Street View

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