Flat for sale in Riverside Drive, Lincoln, Lincolnshire LN5

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

LIN230491/8

Description

***public notice - 163 Riverside Drive, Lincoln, LN5 7NZ. We advise that an offer has been made for the above property in the sum of £110,000. Any persons wishing to increase on this offer should notify the agents of their best offer prior to exchange of contracts.
Your Move Estate Agents - 44-45 Silver Street, Lincoln, LN2 1EH.
***spacious top floor apartment*** This two bedroom top floor apartment is being sold with no onward chain and would make a superb first time buy or investment. The property is located close to the City Centre and also Lincoln University so offers a very convenient, central location. Briefly comprising; Communal Entrance, Hall, Open Plan Kitchen/Living/Dining Area, Two Double Bedrooms, Bathroom. The property also has one allocated Parking space. EPC grade B.

Location

Situated in a purpose built apartment block close to Lincoln City Centre and walking distance to Lincoln University.

Communal Entrance

Secure coded access, stairs rising.

Hall

Entrance door, electric heater, two storage cupboards one of which houses hot water cylinder.

Open Plan Kitchen/Living/Dining Area (6.76m x 3.65m)

Having uPVC double doors opening to Juliet balcony, electric heater. Kitchen being fitted with a range of eye level wall and base units with contrasting work surfaces over, electric oven with 4 ring electric hob and stainless steel extractor hood over, one and a half bowl stainless steel sink unit with drainer and mixer taps over, integrated fridge freezer, space and plumbing for washing machine.

Bedroom 1 (3.65m x 3.23m)

Double glazed window, electric heater, fitted wardrobe.

Bedroom 2 (3.67m x 2.5m)

Double glazed window, electric heater, fitted wardrobe.

Bathroom (2.29m x 2.12m)

Three piece suite comprising of panelled bath with shower fitted over, low level WC, pedestal wash hand basin, double glazed frosted window, electric heater.

Parking

One allocated car parking space (numbered).

Tenure

Leasehold. 107 years remaining.

Charges

We believe the current charges are to be set at:
Ground Rent-£809.36 per annum.
Service Charge-£1266.72 per annum.

Note To Investors

We believe this property could achieve a monthly rent of £800pcm resulting in an annual gross return of £9600. If you were to purchase the property at an asking price of £125,000 then you would receive a gross yield of circa 7.68%.

Local Authority

City of Lincoln Council.