West Parade, Lincoln, LN1

Details

CURRENT TENANTS HAVE SIGNED RENEWAL UNTIL AUGUST 2024! A tastefully upgraded SIX BEDROOM HMO producing immediate income. Mr Investa are pleased to bring to the market this fantastic buy-to-let investment opportunity located close to the University of Lincoln & the city centre. Income for the 2023/24 academic year is £31,680 which would provide an investor with a yield circa 10%.

Tenanted on an 12 month contract until 16th August 2024!

Current Financial Performance for the 2023/24 Academic Year Rental Income: £440pcm each / £31,680 per annum based on 12 months Cost of all bills: £4,300 per annum approx. Lettings Management Fee 10% all inclusive: £3,168 per annum

NET Income: £24,212 per annum NET Yield: 7.3%

A convenient and popular location, close to Lincoln City Centre and University of Lincoln whereby students benefit from having a variety of amenities nearby including a Sainsbury’s Local, Co-Op, ODEON cinema and a number of bars/restaurants. The west end attracts many students' year on year therefore making this property an attractive investment.

Each bedroom includes a double bed, desk, chair, wardrobe and chest of drawers. The property also has a large open plan living space, modern kitchen and two shower rooms.

NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa LTD does not accept any responsibility in respect of this information provided.