The Avenue, Lincoln, Lincolnshire
- PROPERTY TYPE
Detached
- BEDROOMS
28
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- £158,808 Combined Annual Gross Rental Income
- 11 Student Flats
- 28 Income Producing Rooms
- Two Substantial Converted Houses
- Attractive Gross Yield of 9.86%
- Prime Student Location
Description
This substantial student investment opportunity comprises two converted houses located on Newland and The Avenue in Lincoln. Both properties are being offered together as one combined investment, providing a total of 11 flats and 28 rooms.
The Newland property has been converted into five flats comprising 12 rooms, while the second property on The Avenue is arranged as six flats comprising the remaining 16 rooms.
Together, the properties generate a combined gross rental income of £158,808 per annum, representing an attractive gross yield of 9.86%. This provides an investor with the opportunity to acquire a sizeable, established portfolio with immediate rental income.
Both properties are positioned within a popular and well-established area of Lincoln, offering convenient access to the University of Lincoln, the city centre and a wide range of local shops, amenities and transport links. Their location and flexible arrangement across 11 individual flats make the portfolio well suited to the city’s established student rental market.
Overall, this is a strong turnkey investment opportunity for someone looking to acquire two substantial converted properties with an attractive income and yield in a prime Lincoln student location.
For specific information regarding the layout, tenancy and rental income of each individual flat, please contact YieldMe directly.
For further information or to arrange a viewing, please contact YieldMe.
A buyer’s fee of 2.4% including VAT applies upon successful completion.
Money Laundering – To comply with the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017, any successful purchaser or purchasers will be asked to provide proof of identity. We will therefore need to take copies of a passport or photo driving licence and a recent utility bill dated within the last three months. We will require this information before solicitors are instructed.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
The Avenue, Lincoln, Lincolnshire
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Visit our security centre to find out moreDisclaimer - Property reference 67Newland and The Avenue . 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 Yield, Loughborough. 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.
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