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READY MADE INVESTMENT OPPORTUNITY - LOW SERVICE CHARGE - PRIVATE SETTING - Situated in the Uphill area of Lincoln and being just a short stroll from The Bailgate Quarter, is this well presented First Floor Apartment offered with NO ONWARD CHAIN. The spacious accommodation briefly comprises; Entrance Hall, 24' 7" Lounge Diner, Modern Kitchen with views of the bowling green, Two Bedrooms and a Shower Room. Outside there is a Communal Garden and useful brick outbuilding. The property further benefits from having uPVC Double Glazing throughout and viewing is recommended to appreciate the accommodation on offer and the position of the property within this popular residential area.
Mill Row is situated in a highly sought after Uphill location close to the Cathedral quarter. Bishop Grosseteste & Lincoln University are within easy walking distance and there are a wide range of local amenities including shops, supermarkets, bars, cafes, restaurants, doctors surgery, local primary and secondary schooling. Lincoln has the benefit of the A46 dual carriageway linking to the main A1 and is approximately a 20 minute drive from Newark Northgate Station which benefits from a service direct to London Kings Cross.
Yearly Service Charge including Ground rent of £247.69 (based on the last annual statement June 2017). 125-year lease commencing from 1998.
The property is being sold as an ongoing investment opportunity and is currently on a Fixed Assured Shorthold Tenancy at £495 pcm, which provides an approximate gross yield of 5.06% based on the asking price.