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Residential Investments for Sale
Waterside North, Lincoln, LN2
8,115 sf
Residential Investments for Sale
Waterside North, Lincoln, LN2
The two storey building is of metal frame construction, has stone clad façade to the front and side of the front section overlooking the river with a glazed façade set back at first floor level with feature curved glazing section to the south eastern corner, all below a flat roof. The rear section has more traditional rendered elevations under flat roofing.
The building is finished with large metal framed sliding doors to the ground floor of the front façade which lead to paved terrace areas with metal balustrade set slightly above the level of Waterside North pathway. The first floor is finished with metal framed French doors that lead to paved balcony areas to the front.
The property has multiple points of access located to the side and rear which comprise of metal framed glazed panel doors with key pad entry systems.
The property is owned by way of a lease from Lincolnshire City Council for a term of 125 years as from 24th January 2001 at a Peppercorn ground rent.
Unique investment opportunity to purchase the long leasehold interest in this statement building situated in the historic cathedral city of Lincoln. Currently 7 of the 8 flats are let on Assured Shorthold Tenancy Agreements which provides a current income of £78,300. The Property has a potential annual income of £90,600.
Location
The historic cathedral City of Lincoln is situated on the River Witham in the county of Lincolnshire approximately 40 miles north-west of Nottingham, 50 miles south east of Sheffield and 150 miles north of London. This prosperous city has a resident population of approximately 130,000 which includes a sizeable student and youth element through its two universities and local colleges.Related links
Investment property for SaleInvestment property for Sale in LincolnWarrant Properties Limited
01923 230 414Share with Client emails the Property Agent's details to the client emails that you entered.
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