01522 88 88 84
 35 Redwood Drive, Lincoln, Lincolnshire, LN5 9BN

Riverside Drive, Lincoln

£120,000

2 Bedrooms / 1 Bathrooms / 1 Reception

  • First Floor Apartment
  • Two Bedrooms
  • Close To City Centre
  • Allocated Parking
  • Riverside Views
  • Well Presented Accommodation
  • Ideal BTL Investment
  • No Chain

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** A FANTASTIC INVESTMENT OPPORTUNITY** A two bedroom waterfront apartment situated in a poplar area within the Lincoln city centre. The property is located on the first floor which Internally the accommodation briefly comprises of entrance Hall, Lounge, Kitchen, Two Bedrooms and Bathroom. The property benefits from UPVC double glazing, electric heating and an allocated parking space.

Entrance Hall
Having doors into Lounge, Kitchen, Bathroom and two bedrooms. Electric storage heater and intercom system for the main communal door access.

Kitchen 13'3 (4.04m) x 8'1 (2.46m)
Comprising a range of fitted high and low units incorporating an integral oven, four ring electric hob with extractor fan above, integral fridge freezer and washing machine, stainless steel sink and drainer with mixer tap. There are also tiled splash backs, an electric storage heater, airing cupboard housing the hot water cylinder and UPVC window.

Lounge 20'2 (6.15m) x 10'11 (3.33m)
Having electric storage heater and UPVC double doors to Juliet balcony.

Bedroom 1 12'7 (3.84m) x 10'4 (3.15m)
Having electric storage heater, UPVC window and built in wardrobe.

Bedroom 2 11'8 (3.56m) x 8'2 (2.49m)
Having electric storage heater and UPVC window.

Bathroom
Fitted with a white 3 piece suite to include low level WC, hand wash basin bath with shower over, partly tiled walls, extractor fan and electric storage heater.

Outside
The property comes with one allocated parking space.

Leasehold Information
There is a 125 year Lease when originally commenced in 2006 (113 years remaining as of 2018).

The Service Charge is approximately £80 per month.

The Ground Rent is approximately £150 per year.

Tenancy Information
The property currently has a sitting tenant so viewings by appointment with at least 48 hour noticed is required, this also means the property is to be sold as an investment with tenant in situ at £595pcm (Approx 5.95% yield). The current tenant is in contract until 24th May 2019 Or there is an option.for purchasing with vacant possession after 25th May 2019.

Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.

Reference: KIT1000255


Disclaimer

These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.

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