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