Block of flats for sale in Monson Street, Lincoln LN5

Investment Consideration:
Gross Initial Yield: 9.12%
Rental Income: £38,760 p.a.
VAT is not applicable to this property
Comprises two-storey 6-bedroom HMO (4 en-suite rooms and 2 rooms with shared bathroom)
Situated within short walk from Lincoln Train Station and St. Marks Shopping Centre, which hosts retail occupiers including Tesco, Café Nero, Sports Direct, Pure Gym, jd Sports and many more.

Property Description:
Comprises two-storey 6-bedroom HMO. Four rooms are en-suite, while two have shared bathroom. Each room is fully furnished containing a bed, desk, chair and wardrobe, providing the following accommodation and dimensions:
Ground Floor:
Room 1 - 8.7 sq m (94 sq ft)
Room 2 - 8.2 sq m (88 sq ft)
Communal Lounge/Kitchen - 20 sq m (215 sq ft)
First Floor:
Room 3 - 10 sq m (108 sq ft)
Room 4 - 10.2 sq m (110 sq ft)
Room 5 - 10.1 sq m (109 sq ft)
Room 6 - 9.6 sq m (103 sq ft)
Shared Bathroom
Total gia: 76.8 sq m (827 sq ft)

Tenancy:
Entire property is at present let on AST to 6 Individuals for a term of 51 Weeks from 6th September 2023 at a current rent of £38,760 p.a. Deposit held of £1,800.

Location:
The property is situated within short walk from Lincoln Train Station and St. Marks Shopping Centre which hosts retail occupiers including Tesco, Café Nero, Sports Direct, Pure Gym, jd Sports and many more. The city train station offers connections throughout the country, with regular services running to Newark Northgate, Edinburgh and London Kings Cross.