Sold

The Cathedral Portfolio – A freehold portfolio comprising 14 houses and 56 flats in Lincoln

Offers in excess of £1,750,000

Property Types:
Portfolio, Residential
Tenure:
Freehold

Description

On the instruction of the Joint LPA Receivers

  • Freehold riverside “estate” located on adjoining roads
  • Comprising 14 houses and 56 flats
  • 47 flats are sold on long leases (one lease with approximately 86 years unexpired)
  • 23 unsold properties comprising:
    • 14 houses (4 x three bedroom semi-detached houses and 10 x two bedroom terrace houses)
    • 9 x two bedroom flats
  • 21 properties let subject to AST’s and two vacant properties
  • AST income: £135,720 per annum
  • Ground Rent income: £4,700 per annum
  • Total Overall income: £140,420 per annum
  • Each house benefits from off street parking
  • Additional 40 car parking spaces (26 unsold on long leases)
  • Located close to Lincoln Town centre