5 bedroom apartment for sale
Key information
Property description & features
- Prime City Centre investment opportunity
- Fully let with £40,160 income per annum
- 3 x One Apartments, 1 x 2 bed Apartment, Ground floor Bistro
- Basement & garden area with further development potential (stp)
- Lapsed planning under ref 2012/0246/RN
Fully let with £40,160 income per annum
3 x One Apartments, 1 x 2 bed Apartment, Ground floor Bistro
Basement & garden area with further development potential (stp)
Prime City Centre investment opportunity - Fully let with £40,160 income per annum - 3 x One Apartments, 1 x 2 bed Apartment, Ground floor Bistro - Basement & garden area with further development potential (stp) - Lapsed planning under ref 2012/0246/RN
Detailed Description
A city centre investment opportunity comprising 3 x one bedroom apartments, 1 x two bedroom apartment and a ground floor cafe/bistro with indoor and outdoor seating. The accommodation is arranged over four floors and extends to around 3,000 sq ft with the basement level and rear garden offering further development potential subject to planning.
The property is fully let with a total rent passing of £40,160 p/a which breaks down as follows and includes bills.
Deli - £8,840 per annum
Flat 1 £640 pcm
Flat 2 £720 pcm
Flat 3 £610 pcm
Flat 4 £640 pcm
*including the rent increases due on the 1st March 2024
Town & Country Planning
The property benefitted from a full planning permisson as per the below reference which lapsed in 2015. Lincoln City Council planning ref 2012/0246/RN
Conversion of existing property to accommodate 5 flats and erection of a two storey rear extension to accommodate 4 flats. (Renewal of planning
permission 2008/1109/F) Interested parties are advised to speak to the planning team on[use Contact Agent Button]
Services
We understand the property offers mains water, gas, electric and main sewer connections.
Mobile
We understand from the Ofcom website there is good mobile coverage from EE. Three, O2 and Vodafone.
Broadband
We understand from the Ofcom website that superfast broadband is available at this property with a max download speed of 80 Mbps and an upload speed of 20 Mbps.
Tenure & Possession
Freehold and for sale by private treaty subject to the existing assured shorthold tenancies on the apartments and lease on the cafe.
Council Tax
Band A for all flats
Lapsed planning under ref 2012/0246/RN
Property information from this agent
Places of interest
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Property reference 440642. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Brown&CoJHWalter - Lincoln.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on September 6, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on September 6, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.