MapOffers in excess of
£310,0005 bedroom apartment for sale
Monks Road, Lincoln
Apartment
5 beds
3 baths
1,033 sq ft / 96 sq m
EPC rating: D
Key information
Features and description
- Tenure: Freehold
- Fully Refurbished
- Great Investment Opportunity
- Fully Furnished
- Tenanted For This Academic Year
- Amazing Rental Yield
- New Heating System/New Electrics
- Utilitys now all split
*FANTASTIC INVESTMENT OPPORTUNITY FOR STUDENT ACCOMMODATION*.
OFFERS IN EXCESS OF £310,000
There are three flats in total and must be sold together. They are currently rented out for the current academic year 2023/2024. Total asking price is £3-0,000 with a gross rental income of £38,250,000 per annum.
For 2024/2025 the apartments are due to go up to £40,500 PA on 50 week tenancies - further info on the leases for this academic year can be requested.
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. Please call Kinetic for further information or a viewing.[use Contact Agent Button]
Flat one is a two bedroom apartment, 50 sqm.
Flat two is a two bedroom apartment, 50 sqm.
Flat three is a one bedroom studio apartment, 30sqm including store rooms for this apartment.
Photos
We have not got photos of every room due to access however we have managed to get a good range of photos of the apartments to showcase the condition of the property, room proportions and furnishings etc. For further info please call us or arrange a viewing.
Further Information
Council tax band - Exempt for students
Tenure - Freehold
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.
OFFERS IN EXCESS OF £310,000
There are three flats in total and must be sold together. They are currently rented out for the current academic year 2023/2024. Total asking price is £3-0,000 with a gross rental income of £38,250,000 per annum.
For 2024/2025 the apartments are due to go up to £40,500 PA on 50 week tenancies - further info on the leases for this academic year can be requested.
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. Please call Kinetic for further information or a viewing.[use Contact Agent Button]
Flat one is a two bedroom apartment, 50 sqm.
Flat two is a two bedroom apartment, 50 sqm.
Flat three is a one bedroom studio apartment, 30sqm including store rooms for this apartment.
Photos
We have not got photos of every room due to access however we have managed to get a good range of photos of the apartments to showcase the condition of the property, room proportions and furnishings etc. For further info please call us or arrange a viewing.
Further Information
Council tax band - Exempt for students
Tenure - Freehold
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.
About this agent
Kinetic are a modern independent estate agency newly established in 2017 covering Lincoln, Grantham, Newark and the surrounding villages. The agency offers all the benefits of a traditional high street agency and online concepts, both at low and fair selling fees. Directors Daryl and Rob boast 20 years' experience within estate agency and have both worked through good and tough markets. Being a small, independent agency they pride themselves on offering first-class customer service by providing regular contact, utilising cutting edge technology but still retaining traditional old-fashioned values. Kinetic have listened to customers and recognised that there is a demand for both of our packages within the current market. The general opinion is that most clients prefer the traditional 'No Sale No Fee' high street estate agency approach but at a reasonable and fair commission. On the flip side, the obvious risk when engaging most faceless online only concepts is actually being able to get hold of the ‘local expert’ when they’re paid individual upfront commission, regardless of whether they sell the property or not. With Kinetic you can have the best of both worlds, a physical office for regular contact and accountability along with low and fair fees!
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