Property photos
Leasehold
£329,000
6 bed flat for sale
Brayford Wharf East, Lincoln LN56 beds
6 baths
1 reception
Local area information
Property location
Nearby amenities
- Lincoln 0.2 miles
- The Lincoln St Peter at Gowts Church of England Primary School 0.4 miles
- Springwell Lincoln City Academy 0.5 miles
- Hykeham 3.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Lincoln to find out more about the local area.
Features and description
- Leasehold
- Fully furnished
- Hmo
- Tenants in situ
- 6 bed student apartment
The perfect investment opportunity !
Property Details: Spacious Fifth Floor Apartment 6 Bedrooms, 6 Bathrooms Area: 1,451 sqft Fully Furnished Leasehold EPC rating: To be announced Council Tax Band: E (Exempt) - Lincoln City Council
Key Highlights: Investment Opportunity - Hassle-Free Investment
Rental Details: Projected Gross Rent for Academic Year 2023-2024: £36,000.0 Projected Net Rent for Academic Year 2023-2024: £18,507.69
Yield: Gross Yield: 10.94% Net Yield: 5.63%
Property Description: The Junxion is a purpose-built student accommodation consisting of 569 rooms distributed among 99 apartments with 4,5, and 6-bed en-suite clusters. Each apartment is fully furnished and features a shared kitchen and living space. The location is ideal, situated next to the University of Lincoln and conveniently close to the City Centre.
Investment Details: This investment offers a completely hands-free experience. Professional property management company Mezzino handles all aspects, including property marketing, tenant rent collection, service charge management, and day-to-day building operations.
In this 6-bed cluster apartment, each student pays £125.00 per week for a 48-week tenancy, resulting in a total of £36,000.00. The Service Charge, currently £17,492.31 per year, covers all utilities, repairs, furniture replacements, and other expenses. These charges are evenly distributed across all 569 rooms, including provisions for vacancies and potential bad debts, minimizing individual risk. The Service Charge also includes contributions to a sinking fund for future repairs and replacements.
Property Ownership Information
Tenure
Leasehold
Council Tax Band
E
Annual Ground Rent
No ground rent
Ground Rent Review Period
No review period
Annual Service Charge
£17,522.00
Service Charge Review Period
No review period
Lease End Date
04/03/2204
Disclaimer For Virtual Viewings
Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
Property Details: Spacious Fifth Floor Apartment 6 Bedrooms, 6 Bathrooms Area: 1,451 sqft Fully Furnished Leasehold EPC rating: To be announced Council Tax Band: E (Exempt) - Lincoln City Council
Key Highlights: Investment Opportunity - Hassle-Free Investment
Rental Details: Projected Gross Rent for Academic Year 2023-2024: £36,000.0 Projected Net Rent for Academic Year 2023-2024: £18,507.69
Yield: Gross Yield: 10.94% Net Yield: 5.63%
Property Description: The Junxion is a purpose-built student accommodation consisting of 569 rooms distributed among 99 apartments with 4,5, and 6-bed en-suite clusters. Each apartment is fully furnished and features a shared kitchen and living space. The location is ideal, situated next to the University of Lincoln and conveniently close to the City Centre.
Investment Details: This investment offers a completely hands-free experience. Professional property management company Mezzino handles all aspects, including property marketing, tenant rent collection, service charge management, and day-to-day building operations.
In this 6-bed cluster apartment, each student pays £125.00 per week for a 48-week tenancy, resulting in a total of £36,000.00. The Service Charge, currently £17,492.31 per year, covers all utilities, repairs, furniture replacements, and other expenses. These charges are evenly distributed across all 569 rooms, including provisions for vacancies and potential bad debts, minimizing individual risk. The Service Charge also includes contributions to a sinking fund for future repairs and replacements.
Property Ownership Information
Tenure
Leasehold
Council Tax Band
E
Annual Ground Rent
No ground rent
Ground Rent Review Period
No review period
Annual Service Charge
£17,522.00
Service Charge Review Period
No review period
Lease End Date
04/03/2204
Disclaimer For Virtual Viewings
Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
Floor plans and tours
Floor plans
No floor plan available
Tours (1)
1 virtual tour available
Step inside the property with a virtual tour or video walkthrough.
More information
Listed by
Purplebricks, Head Office
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Property descriptions and related information displayed on this page are marketing materials provided by - Purplebricks, Head Office. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Purplebricks, Head Office for full details and further information.