For Sale

Lincoln – Fully let student investment providing 94 bed spaces

Cathedral Street, Lincoln, LN2 5HH

Offers in excess of £3,500,000

Property Types:
Residential, Student
Sub Type:
Student Accommodation
Tenure:
Long Leasehold

Lease Term

The property is held for a term of 125 years from 20 August 2014 (thus having approximately 111 years unexpired).

Description

  • Student investment comprising 24 cluster flats; 94 bed spaces in total
  • Majority of flats provide four bedroom accommodation, each with separate kitchen and living rooms
  • Strong rental history – fully let since 2012
  • Centrally located within a 15 minute walk of the Lincoln University campus
  • Current Rent Reserved: £375,888 (Academic Year 2018/19)
  • Asking price offer of £3,500,000 reflects a gross yield of 10.7% and a low capital value per bed space of £37,000