Summary - GREETWELL NURSING HOME, 68-70, GREETWELL CLOSE LN2 4BA
20 bed 11 bath Detached
**Standout Features:**
- 11 Fully Let Flats: 9 x 2-bed and 2 x 1-bed
- Total Gross Rental Income: Approximately £124k per annum
- Newly Renovated Throughout
- Allocated Off-Street Parking for Each Flat
- Separate Heating and Utility Services for Each Unit
- Close Proximity to Lincoln Hospital and Local Amenities
- EPC Rating of C for All Flats
- Freehold Tenure
**Summary:**
Presenting an exceptional investment opportunity, this newly developed residential property comprises 11 fully let flats, generating a total gross rental income of approximately £124,000 per year. Consisting of 9 two-bedroom flats and 2 one-bedroom flats, each unit offers independent services and heating, ensuring a hassle-free experience for tenants. The property boasts allocated off-street parking and is conveniently located near Lincoln Hospital and vibrant local amenities including shops and restaurants.
While the property enjoys a desirable location, potential buyers should note the "very high" crime rate in the area. Despite this concern, the fully let status of the flats highlights strong tenant demand and provides stability for investors. Don’t miss the chance to secure a well-maintained investment with solid rental income and future growth potential. Now is the perfect time to explore this unique opportunity in Uphill Lincoln—properties like this don’t stay on the market for long!
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