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.

LIN220011/8

Description

***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 entry system with stairs leading to all floors.

Hall

Internal entrance door, electric heater, cupboard housing hot water cylinder, storage cupboard, entry com system.

Open Plan Kitchen/Living/Dining Area (6.06m x 3.54m)

Spacious, comfortable open plan area with the kitchen being fitted with a range of eye level wall and base units with contrasting work surfaces fitted over, electric oven with 4 ring electric oven and extractor hood over, one and a half bowl stainless steel sink unit with drainer and mixer taps over, space for under counter fridge/freezer, space and plumbing for washing machine and dishwasher, uPVC double doors opening up onto Juliet balcony, electric heater.

Bedroom 1 (4.27m x 3.03m)

Double glazed window, electric heater, fitted wardrobe.

Bedroom 2 (3.63m x 2.48m)

Double glazed window, electric heater, fitted wardrobe.

Bathroom (2.5m x 1.54m)

Tiled suite comprising of panelled bath tub with Rainfall shower system fitted, low level WC, pedestal wash hand basin, chrome heated towel rail, extractor fan.

Parking

One allocated car parking space.

Tenure

Leasehold. 125 years from new. Expiring 29/09/2130. 106 years remaining.

Charges

We believe the current to be set at the below:
Ground rent £202.34 annually
Service charge £1084.84 paid quarterly (£271.21 per quarter)
Reserve fund £181.88 paid quarterly (£45.47 per quarter).

Local Authority

City of Lincoln Council.

Agents Note

We believe this property could achieve a monthly rental of £825pcm resulting in a gross return of £9900. If you were to purchase the property at the asking price of £145,000 you would receive a gross rental yield of circa 6.82%.