20 bedroom detached house for sale

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20 bedroom detached house for sale

Greetwell Close, Lincoln LN2
£1,950,000

Price History

Initial price £2,100,000
31/08/23 £1,950,000
Price Change -7.14%

Description

This investment opportunity presents a fully let property with a total gross rental income of approximately £124k pa, consisting of 11 flats with 9 two-bedroom and 2 one-bedroom units. Each flat has its own independent gas central heating system and allocated off-road parking, and the property is sold with the freehold. The flats are situated in a convenient location near Lincoln Hospital and local amenities, with easy access to the city center and transport links. The current rents being achieved are £975-£975 pm for the two-bedroom flats and £870 pm for the one-bedroom flat, with each tenant responsible for their own utility bills.