6 bed flat for sale

Brayford Wharf East, Lincoln LN5

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £310,000. Located in The Junxion, just a minute’s walk from the University of Lincoln and Students’ Union, this fully let six-bedroom en-suite apartment offers a high-yield, hands-off investment in one of the city’s most popular student developments. The apartment features a secure communal entrance hall, leading to six fully furnished bedrooms, each with a 3⁄4 bed, study area, storage, TV point, electric radiator, and private en-suite shower room. The spacious communal lounge/kitchen/diner includes a modern kitchen with appliances, breakfast bar, leather sofas, TV, and electric radiator. Tenants also enjoy access to shared on-site amenities such as games rooms and TV lounges. Currently generating £37,440 per annum (2024/25), the property is fully managed by Mezzino, who handle all rent collection, maintenance, tenant liaison, and bills. Rent is paid to the owner three times a year and is guaranteed, even in cases of vacancy or non-payment.

Lease Details

There is a 200 year lease from 1 January 2004. The ground rent is £1 per annum (if demanded). The most recent service charge for 2024/2025 is £16,961.31 which comprehensively covers all outgoings, including maintenance and any necessary works on the apartments. This makes it an excellent hands-off investment opportunity. For further details, please contact the agent.