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Monson Mews - 4x 2 Bed BTLs

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An opportunity for Investors looking for above average capital growth to invest in 4x, 2 Bed apartments in a purpose built block in Lincoln City Centre.

The apartments were acquired as part of a trade-in and rather than selling them now, the owner would like to retain them for a further 3 years and is seeking investors to join him.

All four properties are let under ASTs at a monthly rent of £550 and will be purchased at a price that is 23% below current market value. The strategy is to hold all four units for 3 years and to improve the monthly rental to current values. The flats will be managed by specialist agent Complete RPI who are confident they can achieve these increases.

The investment is leveraged at 55% LTV, and whilst this suppresses the annual income, it does optimise the capital growth.

Investors will receive Ordinary Class B shares which entitle them to their share of 95% of income after costs, paid annually in arrears and 75% of their share of capital growth, combining to give a projected total return of 42.7%.

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