The Park

Lincoln, LN1

Tenure: Leasehold

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

EPC rating: D. Council tax band: A, Tenure: Leasehold, Annual ground rent: £100, Service charge description: included in the ground rent ,

Entrance

The property is entered via a wooden door leading to a communal hallway. Stairs to top floor landing with a wooden door to the apartment.

Entrance Hall

With further wooden door into the property.

Lounge

32'10" x 36'1" (10.01m x 11.00m)

With windows to front, electric storage heater.

Bedroom

7.00m x 11.00m (23'0" x 36'1")

With window to front elevation and electric storage heater.

Kitchen

11.00m x 13.00m (36'1" x 42'8")

With window to rear elevation, laminate floor. Kitchen units include base and eye level units with worktop, stainless steel sink, built in oven, hob, stainless steel extractor, freestanding washing machine.

Bathroom

5.00m x 8.00m (16'5" x 26'3")

With window to rear elevation, three piece bathroom suite comprising bath with electric shower, washbasin and low level WC. Part tiled walls and flooring.

Agent Note

These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

Lease Information

999 Years on Purchase of the property.

£100 PCM Ground Rent and Service Charge.

The Current landlords of the building purchased the freehold for the property in 2022. So each flat is a member of the Albert House Lincoln Property Limited management company which has been set up. The buyer would also have the option to be a Director of the company.