4 Bed Block Of Apartments House For Sale Robey Street, Lincoln, LN5
£320,000- Block Of Apartments
1 of 15
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Last Updated: 25th June 2024
Description
Investment Consideration:\r
Gross Initial Yield: 8.92%\r
Rental Income: £28,560 p.a.\r
VAT is NOT applicable to this property\r
Let to students. New ASTs for 2024/2025 season agreed and signed\r
Comprises block of 2 x 2-bedroom apartments arranged over ground, first and second floor\r
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.\r
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Property Description:\r
The property comprises block of 2 x 2-bedroom apartments arranged over ground, first and second floor, providing the following accommodation and dimensions:\r
7 Robey Court: 41.10 sq m (442 sq ft)\r
Ground Floor: 2 bedrooms, kitchen/living area, bathroom\r
6 Robey Court: 73.20 sq m (789 sq ft)\r
First Floor: 1 bedroom, kitchen/living room, bathroom\r
Second Floor: 1 bedroom, bathroom\r
Total GIA: 114.30 sq m (1,231 sq ft)\r
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Tenancy:\r
6 Robey Court 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.\r
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.\r
7 Robey Court is at present let on AST to Individuals for a term of 51 Weeks from 5th September 2023 at a current rent of £13,770 p.a. Deposit held of £600.\r
Tenants have agreed and signed new AST for a term of 51 Weeks from 5th September 2024 at agreed rent of £13,770 p.a. Deposit held of £600.\r
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Location:\r
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.
Gross Initial Yield: 8.92%\r
Rental Income: £28,560 p.a.\r
VAT is NOT applicable to this property\r
Let to students. New ASTs for 2024/2025 season agreed and signed\r
Comprises block of 2 x 2-bedroom apartments arranged over ground, first and second floor\r
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.\r
\r
Property Description:\r
The property comprises block of 2 x 2-bedroom apartments arranged over ground, first and second floor, providing the following accommodation and dimensions:\r
7 Robey Court: 41.10 sq m (442 sq ft)\r
Ground Floor: 2 bedrooms, kitchen/living area, bathroom\r
6 Robey Court: 73.20 sq m (789 sq ft)\r
First Floor: 1 bedroom, kitchen/living room, bathroom\r
Second Floor: 1 bedroom, bathroom\r
Total GIA: 114.30 sq m (1,231 sq ft)\r
\r
Tenancy:\r
6 Robey Court 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.\r
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.\r
7 Robey Court is at present let on AST to Individuals for a term of 51 Weeks from 5th September 2023 at a current rent of £13,770 p.a. Deposit held of £600.\r
Tenants have agreed and signed new AST for a term of 51 Weeks from 5th September 2024 at agreed rent of £13,770 p.a. Deposit held of £600.\r
\r
Location:\r
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.
Agent Details
Blue Alpine
54 Welbeck Street, London W1G 9XS
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.