About this property
DESCRIPTION INVESTMENT OPPORTUNITY! A well presented ground floor one bedroomed flat with its own private entrance, located just off Lincoln High Street and within close proximity to a range of local shops and facilities. The property is being sold as an ongoing investment with the current tenant in situ. The current tenant is paying £1,485 per quarter (£495pcm) and has a fixed term contract until the 4th February 2022. This gives an approx. yield of 6.6%. Internally the property has living accommodation to comprise of Open Plan Kitchen Living Area leading to a Bedroom and Bathroom.
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.
SERVICE CHARGE – £37pcm.
KITCHEN / LIVING AREA 14′ 5" x 11′ 11" (4.4m x 3.65m) , with two UPVC double glazed windows, part vinyl flooring and partly carpeted, fitted with a range of wall, base units and drawers with work surfaces over, tiled splashbacks, stainless steel sink unit and drainer, integral oven, four ring electric hob with extractor fan over, plumbing and space for washing machine, wall mounted gas fired central heating boiler, radiator and doors to bedroom and bathroom.
BEDROOM 10′ 0" x 9′ 0" (3.05m x 2.75m) , with UPVC double glazed window and radiator.
BATHROOM With tiled flooring, partly tiled walls, suite to comprise of low level WC, wash hand basin and bath with mains shower over, radiator and extractor fan.