About this property
DESCRIPTION This is a great investment opportunity of a modern first floor studio apartment situated in this City Centre location Close to a range of local shops and other amenities and also a short walk to Lincoln University. The property is currently achieving £585 pcm offering an approximate yield of 11.7%. Internally the property offers open plan living space with a kitchen area and bedroom/living area and a separate shower room. The apartment block also offers the additional benefit of a communal laundry.
LOCATION The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery. The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Bishop Grosseteste College.
All mains services available. Electric heating.
Service Charge – £284 per quarter.
Ground Rent – £300 per annum.
KITCHEN AREA 12′ 0" x 5′ 7" (3.66m x 1.7m) , with vinyl flooring, fitted with a range of wall, base units and drawers with work surface over, integral oven, two ring ceramic hob with extractor fan over, stainless steel sink unit and drainer, integral fridge, spotlighting and door to shower room.
LIVING/BEDROOM AREA 10′ 2" x 7′ 8" (3.1m x 2.34m) , with UPVC double glazed window, electric radiator and spotlighting.
SHOWER ROOM 6′ 5" x 2′ 7" (1.96m x 0.79m) , with low level WC, wash hand basin, walk-in shower cubicle, spotlighting and extractor fan.