£230,000
Portland Street, Lincoln, LN5
- 5 beds
£230,000
- 5 beds
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This fully licensed 5-bedroom HMO presents an exceptional investment opportunity in the heart of Lincoln. Located within easy reach of the city centre, the University of Lincoln, and a wealth of amenities, this property boasts a remarkable track record, having maintained 100% occupancy for the past seven years with no void periods (except for the current period due to the sale).
The property is arranged over three storeys and comprises five generously sized double bedrooms, a shared reception room providing a comfortable space for tenants to relax, and a well-equipped fitted kitchen ideal for shared living. A communal courtyard to the rear offers a welcome outdoor space. Currently vacant, this property is ready for immediate occupation or re-letting, offering a seamless transition for the new owner.
With a strong rental yield of approximately 10.69% (Gross) - 9.55% (Net), generating an impressive total yearly income of �26,640, this HMO is a lucrative investment. Offered with no onward chain, this property facilitates a swift and straightforward purchase.
Exclusively listed with Walters, this opportunity is not to be missed. Contact us today to arrange a viewing or to discuss this exceptional investment further.
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