Investment For Sale, Lincoln
4 photos
£800,000 Freehold
Residential Investment,167 Carholme Road, Lincoln, LN1 1RU
Type
Investment
Status
Available
Size
4,241 sq ft
Key Features
- 8 apartments on the edge of Lincoln
- Private landscaped grounds
- 8.5% NIY after purchasers costs
- Close to Lincoln City Centre and Lincoln University
Property Details
The Property Comprises A Substantial Detached Former Care Home, Which Was Converted Over 20 Years Ago Into 8 Self-contained Flats.
The Original Two Storey Building Containing 5 Of The Flats, Is Constructed In Solid Brickwork Under A Pitched Slate Roof. This Was Extended To The Rear, Prior To The Conversion, With This Extension Accommodating The Remaining 3 Residential Units. This Single/part Two Storey Extension Is Constructed In Cavity Brickwork Under A Predominantly Flat Grp Covered/partially Pitched Slate Clad Roof.
The Property Sits Within Private Landscaped Grounds, With Driveway Access Off Carholme Road Leading To A Tarmac Surfaced Car Park To The Rear, Providing Parking For 8 Vehicles - One For Each Flat. There Is A Single Storey Detached Garage Adjacent To The Car Parking Area, Which Accommodates A Bike Store And Laundry Room. There Is Further Parking Space In Front Of This Building.
Internally, The Property Is Laid Out To Provide 5 Ground Floor Apartments, With The Remaining 3 Apartments Found On The First Floor, With 2 Of These Accessed From The Main Internal Staircase And The Other From An External Staircase On The Side Of The Property.
The Apartments Are Finished Off To A Good Standard, Each With Painted Plaster Walls And Ceilings And Solid Floors Overlaid In A Mix Of Carpet, Tiles And Lino. The Majority Of The Apartments Are One Bedroom, With Two Of The Apartments Having Two Bedrooms.
The Original Two Storey Building Containing 5 Of The Flats, Is Constructed In Solid Brickwork Under A Pitched Slate Roof. This Was Extended To The Rear, Prior To The Conversion, With This Extension Accommodating The Remaining 3 Residential Units. This Single/part Two Storey Extension Is Constructed In Cavity Brickwork Under A Predominantly Flat Grp Covered/partially Pitched Slate Clad Roof.
The Property Sits Within Private Landscaped Grounds, With Driveway Access Off Carholme Road Leading To A Tarmac Surfaced Car Park To The Rear, Providing Parking For 8 Vehicles - One For Each Flat. There Is A Single Storey Detached Garage Adjacent To The Car Parking Area, Which Accommodates A Bike Store And Laundry Room. There Is Further Parking Space In Front Of This Building.
Internally, The Property Is Laid Out To Provide 5 Ground Floor Apartments, With The Remaining 3 Apartments Found On The First Floor, With 2 Of These Accessed From The Main Internal Staircase And The Other From An External Staircase On The Side Of The Property.
The Apartments Are Finished Off To A Good Standard, Each With Painted Plaster Walls And Ceilings And Solid Floors Overlaid In A Mix Of Carpet, Tiles And Lino. The Majority Of The Apartments Are One Bedroom, With Two Of The Apartments Having Two Bedrooms.
Location
Eddisons; Lincoln
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Eddisons; Lincoln