10 bedroom block of apartments for sale

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10 bedroom block of apartments for sale

139-141 Monks Road, Lincoln, Lincolnshire, LN2
£1,645,000

Price History

Initial price £2,000,000
27/03/24 £1,850,000
05/05/24 £1,645,000
Price Change -17.75%

Description

The property is a residential block of 10 x 1-bed flats, newly converted to a high standard, located in a residential area within a 10-minute walk from Lincoln's City Centre and 20 minutes from the University of Lincoln. The property is let to a medical care company on a 10-year lease until June 2032 with rent reviews every year linked to CPI. The property comprises 378 square meters of gross internal area and has a current rent of £148,000 per annum. The location is convenient for access to local amenities, including bars, clubs, restaurants, and shopping outlets, and is also close to the city's train station with regular connections throughout the country.