1 bedroom flat for sale

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1 bedroom flat for sale

The Park, Lincoln, LN1
£109,950

Our Summary

  • ** IDEAL INVESTMENT OPPORTUNITY,  CITY CENTRE FLAT ACHIEVING IN EXCESS OF 6% YIELD WITH NEW 999 YEAR LEASE ON PURCHASE OF PROPERTY **

Description

This is an ideal investment opportunity to purchase a one-bedroom city centre flat with a 999-year lease, offering an impressive 6% yield. The property is located within walking distance of the university, train station, and various amenities. The current vendors recently purchased the freehold of the building, and the buyer would have the option to become a director of the management company. The flat is being sold with no onward chain and includes a service charge in the ground rent. With an EPC rating of D, this property presents a great chance to generate a high return on investment.