Riverside Drive, Anchor Quay 1 bed apartment for sale

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Riverside Drive, Anchor Quay 1 bed apartment for sale

Riverside Drive, Anchor Quay
£100,000

Our Summary

  • EPC Rating - CCouncil Tax Band - ATenure - LeaseholdInvestment Opportunity - Investment Opportunity - This property is available as an investment only purchase with a tenant situ on a fixed term AST until February 2025 paying £675pcm

Description

This investment-only property is a one-bedroom second-floor apartment located within walking distance to the city center and Lincoln University. The apartment features an entrance hall, open-plan living/kitchen, one bedroom, and a bathroom. It benefits from allocated parking for one vehicle and is sold with no onward chain. The current tenant is on a fixed-term AST until February 2025, paying £675 per month, resulting in a 6.5% net yield. The property has a CC-rated EPC and is classified as Council Tax Band A. The apartment has been well-maintained and offers a comfortable living space with PVC windows, carpet flooring, and a panel bath. With its central location and stable rental income, this property presents an attractive investment opportunity for those looking for a steady return on investment.