Summary - Portland Street, Lincoln, Lincolnshire, LN5 LN5 7JX
7 bed 5 bath Flat
**Standout Features:**
- Four modern apartments with a combined annual income of £59,325.
- Attractive 11.8% yield, making it a turnkey investment opportunity.
- Prime city center location, ideal for students and professionals.
- Flat 2 has C4 Change of Use permission, allowing for up to 3 tenants for increased income potential.
- Freehold tenure with very affordable council tax (Band A).
**Concise Summary:**
This impressive investment opportunity features four modern flats situated in the heart of a vibrant, cosmopolitan student neighborhood. Currently achieving a robust annual income of £59,325, this property showcases strong rental potential with pre-letting agreements in place for the next year. The mix of contemporary design in each unit provides comfort and appeal to tenants, while the C4 Change of Use permission for Flat 2 opens up exciting prospects for maximizing income through additional tenants.
With an overall size of 1,283 square feet and well-appointed living spaces, it offers excellent returns in a sought-after area. While the property boasts the charm of Victorian architecture with modern interiors, potential buyers should factor in its very high crime rate and the need for minor maintenance due to the lack of insulation. Perfect for savvy investors looking to expand their portfolio, this property represents a unique opportunity not to be missed! Contact us today to seize this rare offering.
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