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The Park, Lincoln LN1 1 bed flat for sale
The Park, Lincoln LN1
£105,000
The Park, Lincoln LN1
£105,000
Our Summary
- Investment opportunity
Description
This top-floor flat is an ideal first home or investment property, located within walking distance of Lincoln City centre. The property has a gross yield of 7.4% with a monthly rent of £650.00, and can be sold with a tenant in situ or with vacant possession. The flat features a lounge, kitchen, bedroom, and shower room, and is served by a range of services and amenities in the city. The property has a leasehold title with 90 years remaining, and a ground rent and service charge of £100.00 per month, which includes building insurance and maintenance. The flat is part of the Albert House Lincoln Property Limited management company, and the buyer has the option to become a director of the company. The property is being sold with an EPC rating of D and a council tax band rating of A.