Summary - 50 FRIARS LANE LINCOLN LN2 5AL
11 bed 11 bath Flat
**Standout Features:**
- **Investment Potential:** Currently achieving £53,700 per annum with seven apartments (one, two and three bedrooms).
- **Prime City Centre Location:** Walking distance to shops, restaurants, the train and bus station, and local attractions.
- **Freehold Ownership:** Offering long-term tenure and control over the property.
- **Private Car Park:** On-site parking for residents, a rare asset in the city centre.
- **Multiple Uses:** Ideal for rental income or conversion opportunities.
**Property Condition:**
- EPC Rating: D.
- Older semi-detached structure (built between 1900-1929) with potential for updates, given the lack of insulation.
- Standard ceiling heights; moderate decor allows for customization.
This detached three-story apartment block on Friars Lane presents an exceptional investment opportunity in Lincoln’s bustling city centre. With a total of 11 bedrooms across seven well-proportioned apartments, this property currently generates a steady income of £53,700 per year, making it an attractive prospect for investors seeking a reliable revenue stream. Enjoy the convenience of off-street parking, and a location just steps away from a vibrant mix of shops, eateries, and transportation links—making it perfect for city living.
While the structure has the charm of its era, its solid brick construction with double glazing presents an opportunity for future renovations to increase value or enhance energy efficiency. The urban setting offers minimal green space, yet easy access to a plethora of amenities, catering especially to students and professionals alike. Don’t miss out on this unique chance to secure a profitable property that blends comfort, location, and potential!
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