1 bed flat for sale

Museum Court, Lincoln, Lincolnshire LN2

***the perfect first time buy or buy to let investment*** Potential yield of circa 6.19% on offer. An impeccably presented second floor apartment located in the heart of Lincoln City Centre offering easy access to all local amenities. Briefly comprising; Hall, Open Plan Kitchen/Living/Dining Area, Double Bedroom, Bathroom.

Located in a secure gated development in the heart of Lincoln City Centre making this a superb, prime location.

Leasehold/City of Lincoln Council-Band B/EPC Grade C.

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.

LIN240397/8

Communal Areas

Offering entrance into the block, lifts and stairs rising.

Hall

Entrance door, storage cupboard off which houses the hot water cylinder.

Living Room (5.32m x 3.89m)

Two double glazed windows, electric heater.

Kitchen (2.51m x 2.25m)

Being fitted with a range of eye level wall and base units with contrasting work surfaces fitted over, electric oven with 4 ring electric hob and extractor hood over, one and a half bowl stainless steel sink unit with drainer and mixer tap over, integrated fridge freezer, space and plumbing for washing machine, double glazed window.

Bedroom (3.33m x 3.04m)

Double glazed window, heater.

Bathroom (2.37m x 1.68m)

Three piece suite comprising of panelled bath with shower fitted over, low level WC, wash hand basin, chrome heated towel rail, extractor fan.

Local Authority

City of Lincoln Council.

Tenure

Leasehold. Expires 31/12/2133. 125 years from new.

Charges

The current vendor purchased the freehold so does not pay a ground rent. The current service charge is set at £2372 annually and is currently payable in two 6 monthly installments.

Note To Investors

We believe the property could achieve a monthly rental of £800 resulting in annual return of £9600 per annum. If you were to purchase the property at the current asking price you would receive an annual gross yield of 6.19%.