Block of flats for sale in Lincoln Road, High Wycombe HP12

Investment Consideration:
Vacant possession
erv: £115,000 p.a. Giy: 7.67%
spv can be purchased to minimise stamp duty
VAT is not applicable to this property
Potential to increase erv if used as a serviced accommodation
Comprises four-storey newly converted residential block of 7 apartments
Redevelopment works completion expected early September 2024
Includes 6 x 1-Bed and 1 x 2-Bed units
Benefits from 11 car parking spaces
Lincoln's Inn Office Village is an attractive courtyard development of 12 mixed-use buildings with associated parking spaces and nearby occupiers including Subway, Screwfix, Takeaway, Offices and many more.

Property Description:

Comprises newly converted four-storey residential block of 7 apartments (6 x 1-Bed & 1 x 2-Bed), with the benefit of 11 allocated car parking spaces (5 at front of the building and 6 in the multi-storey car park 100 yards away), providing the following accommodation and dimensions:

Ground Floor:
Flat 1 - 42.10 sq m (453 sq ft)
Bedroom, Kitchen/Living Room, Bathroom
Flat 2 - 48.40 sq m (521 sq ft)
Bedroom, Kitchen/Living Room, Study, Bathroom
First Floor:
Flat 3 - 43.30 sq m (466 sq ft)
Bedroom, Kitchen/Living Room, Bathroom
Flat 4 - 44.90 sq m (483 sq ft)
Bedroom, Kitchen/Living Room, Bathroom
Second Floor:
Flat 5 - 43.30 sq m (466 sq ft)
Bedroom, Kitchen/Living Room, Bathroom
Flat 6 - 44.90 sq m (483 sq ft)
Bedroom, Kitchen/Living Room, Bathroom
Third Floor:
Flat 7 - 66.50 sq m (716 sq ft)
2 Bedrooms, Kitchen/Living Room, Study Area, Bathroom

Total net internal area: 333.40 sq m (3,588 sq ft)

Potential for further value-add:
The 2-Bed apartment on the top floor has potential to be enhanced to 2 studios or a 3 bed HMO subject to obtaining appropriate consent.

Location:
High Wycombe is strategically located on the M40 motorway 30 miles west of Central London and excellent road communications are available to other principal towns in the Greater Thames Valley region. There are very good train services to London Marylebone with a fastest journey time of approximately 25 minutes. Lincoln's Inn Village is an attractive courtyard development of 12 mixed-use buildings, with nearby occupiers include Subway, Screwfix, Takeaway, Offices and many more.