Available
Lincoln – Two Bedroom Duplex Apartment
6 Robey Court, Robey Street, Lincoln LN5 8AFLeasehold Residential Investment
Price
£165,000
Rent P.A.
£14,790
Yield
8.96%
Tenure
Leasehold
Area
789 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises 2-bedroom self-contained apartment arranged over first and second floor
- Let to students. New ASTs for 2024/2025 season agreed and signed
- Bus stop located 1 min walk from the property provides direct services to Lincoln Train Station and Town Centre (8 min journey). Nearby occupiers include KFC, Lidl, Gymnasium, Post Office and more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises 2-bedroom self-contained apartment arranged over first and second floor, providing the following accommodation and dimensions:
6 Robey Court: 73.20 sq m (789 sq ft)
First Floor: 1 bedroom, kitchen/living room, bathroom
Second Floor: 1 bedroom, bathroom
6 Robey Court: 73.20 sq m (789 sq ft)
First Floor: 1 bedroom, kitchen/living room, bathroom
Second Floor: 1 bedroom, bathroom
Tenancy Description
The property is at present let on AST to Individuals for a term of 51 Weeks from 25th August 2023 at a current rent of £14,790 p.a. Deposit held of £600.
Tenants have agreed and signed renewal AST for a term of 51 Weeks from 17th August 2024 at agreed rent of £14,790 p.a. Deposit held of £600.
Tenure:
Long leasehold. Held on a 250 Year lease from 1st January 2018 at a ground rent of peppercorn. Reversion 2268.
Tenants have agreed and signed renewal AST for a term of 51 Weeks from 17th August 2024 at agreed rent of £14,790 p.a. Deposit held of £600.
Tenure:
Long leasehold. Held on a 250 Year lease from 1st January 2018 at a ground rent of peppercorn. Reversion 2268.
Tenancies & Accommodation
Location Description
The property is located on Robey Street within a residential area just a 20-min walk from Lincoln’s City Centre and 20-min walk from the University of Lincoln. Bus stop Robey Street located 1 min walk from the property provides direct services to Lincoln Train Station and City Centre (8 min journey). The train station offers regular connections throughout the country, with regular services running to Newark Northgate, Edinburgh and London Kings Cross. Nearby occupiers include KFC, Lidl, Gymnasium, Post Office and more.
