About this property
INVESTMENT OPPORTUNITY – GROSS RENT PER ANNUM OF £18,960 (5.93% YIELD) – A fantastic opportunity to purchase this End-Terrace House, which is currently split into three individual Self-Contained Flats, all with separate addresses, meters and services. The properties are all currently let with 45A being let for the upcoming 2020/2021 academic year, with two tenants paying £90 per week each (inclusive of bills) and Flats 45 and 45B are let for the next 12 months at £610 pcm per flat (inclusive of bills). The property is well-located for the Bishop Grosseteste University and is also within a short walk to local shops and amenities along Burton Road, Lincoln City Centre and the popular Bailgate and Cathedral Quarter. Each flat has been well-maintained and all have slightly different layouts.
NOTE When the property was converted into flats it was done professionally and with full compliance to all Planning Regulations and Building Regulations of Lincoln City Council. All flats have their own services and meters for utilities and benefit from gas central heating.
The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery. The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Bishop Grosseteste College.
45 MILDMAY STREET Flat 45 offers an Open-Plan Living Kitchen Dining Space with a Bedroom, Bathroom and Study Area.
LIVING KITCHEN DINING 16′ 8" x 15′ 8" (5.08m x 4.78m)
BEDROOM 1 10′ 8" x 10′ 6" (3.25m x 3.2m)
BATHROOM 7′ 2" x 4′ 8" (2.18m x 1.42m)
BEDROOM 2 / STUDY 9′ 9" x 6′ 1" (2.97m x 1.85m)
45A MILDMAY STREET Flat 45A has an Entrance with Stairs leading to a First Floor with a Open-Plan Living Kitchen Dining Room and a Bathroom. Stairs lead to a Second Floor where you can find two good-sized Bedrooms.
KITCHEN 15′ 8" x 12′ 0" (4.78m x 3.66m)
BATHROOM 11′ 1" x 4′ 4" (3.38m x 1.32m)
SECOND FLOOR LANDING
BEDROOM 1 16′ 0" x 11′ 0" (4.88m x 3.35m)
BEDROOM 2 16′ 0" x 10′ 0" (4.88m x 3.05m)
45B MILDMAY STREET 15′ 15" x 10′ 8" (4.95m x 3.25m) Flat 45B offers an Open-Plan Living Kitchen Dining Area with a spiral staircase leading to a first floor landing, a good-sized Bedroom, Bathroom and an additional room offering a Bedroom Two/Study Area. This flat also has the benefit of an outside courtyard.
BEDROOM 1 10′ 7" x 10′ 7" (3.23m x 3.23m)
BEDROOM 2 / STUDY 9′ 3" x 5′ 4" (2.82m x 1.63m)
BATHROOM 8′ 0" x 5′ 1" (2.44m x 1.55m)