01522 88 88 84
 35 Redwood Drive, Lincoln, Lincolnshire, LN5 9BN

Monks Road, Lincoln

£115,000

2 Bedrooms / 1 Bathrooms / 1 Reception

  • Chain Free
  • Investment Opportunity
  • Fully Refurbished
  • Furnished
  • Already tenanted
  • Good rental yield

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** FANTASTIC INVESTMENT OPPORTUNITY FOR STUDENT ACCOMMODATION **

There are three flats in total but must be sold together. They are currently rented out for the current academic year 2020/2021. Total asking price is £340,000 with a gross rental income of £32,500 per annum.

The flats have all been recently renovated to a high standard, new carpets, heating system, radiators, electrics, kitchens, (having integrated oven and electric hobs), bathrooms, carpets and general cosmetic decoration.. All fully furnished, (Washing machine, fridge freezer, TV, sofa, beds, microwave, kettle, table and bench. All passed the building regulations with the local authority. So a very easy investment for someone who wants the security but without the hassle of refurbishing, furnishing or finding tenants for this year.

Flat one is a two bedroom apartment, 50 sqm achieving £12.5k inc bills, gross income per annum

Flat two is a two bedroom apartment, 50 sqm achieving £12.5k inc bills, gross income per annum

Flat three is a one bedroom studio apartment, 32sqm, achieving £7.5k inc bills, per annum.

Entrance Hall
Stairs leading to self contained apartment

Open plan Kitchen/Lounge
Matching wall and base units, having a washing machine, fridge freezer, integrated oven with electric hob and extractor above. Splash back tiles and Upvc double glazed window to the rear aspect. There is a sofa, table and bench, television, radiator and door leading to bedroom one

Bedroom one
Double bedroom with radiator, Upvc double glazed window to the front aspect, power points.

Bedroom Two
Double bedroom with radiator, Upvc double glazed window to the side aspect, power points.

Shower Room
Having low level WC, hand and face wash basin and a shower cubicle.

Reference: KIT1000708


Disclaimer

These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.

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