Investment Opportunity - Ten fully occupied flats generating a total of £69,900 gross rental income across three floors. Located on Lincoln Grove this building is 0.3 miles away from Manchester Royal Infirmary and 0.5 miles away from St Mary's Hospital, as well as being a 0.1 miles to the A34 linking Manchester City Centre and Kingsway.
Lincoln House is a striking detached property made up of four one bedroom flats and six two bedroom flats all fully occupied with off road parking available. From the private car park there are two entrances to the building. On the left hand side gives you access to flats 1,3,5,7 and 9. The entrance on the right hand side gives you access to the remaining flats. All flats have an intercom system to allow access and parking for one car each.
Externally is the high hedged car parking area with access to both entrance doors and a rear communal garden.
Situated on Lincoln Grove this building is well placed for access the the local hospitals, local universities including The University of Manchester which is 3/5 of a mile away and Manchester Metropolian University which is 1.2 miles from Lincoln House. Lincoln House is located within the Victoria Park is a suburban area of Manchester, England. Victoria Park lies approximately 2 miles south of Manchester city centre, between Rusholme and Longsight.
Flat 1, generating £575pcm. Tenanted until February 2019.
Flat 2, generating £625pcm. Tenanted until March 2019.
Flat 3 generating £650pcm, tenanted until February 2019.
Flat 4 generating £625 pcm, tenanted until July 2019.
Flat 5 generating £400 pcm on a periodic tenancy.
Flat 6 generating £450pcm, tenanted until July 2019
Flat 7 generating £575pcm tenanted until December 2018.
Flat 8 generating £575pcm tenanted until June 2019.
Flat 9 generating £650pcm tenanted until March 2019.
Flat 10 generating £700pcm tenanted until June 2019.
Whole building generating £69,900 gross rental income.
Ground rent of £50 per year.