Steep Hill, Lincoln

Features

• Steep Hill Apartment
• Open Plan Living
• 1 Double Bedroom
• Views Over Castle Square
• Tenant in Situ: £750pcm 6 Month AST
• Gross Yield of 6.25%
• Ideal Holiday Let
• NO ONWARD CHAIN

Full Details

This 1 bedroom apartment is located at the top of Lincoln's famous Steep Hill. Enjoying views over Castle Square, the apartment comes with open plan living, 1 double bedroom and a modern shower room. The property currently has a tenant in situ, with the 6 month AST due to start imminently with a rental income of £750pcm - representing a 6.25% gross yield. Situated within yards of the world renowned Lincoln Cathedral & Lincoln Castle, the property offers historic landmarks and amenities on your doorstep. Furthermore, the property is within easy access to Lincoln County Hospital and the University of Lincoln. Ground Rent & Service Charge is expected to total approx £500 combined per annum, with a lease of 125 years.

Agent Note - Due to being located above a commercial premises, mortgage applications can be complex. For further advice, please contact your financial advisor or contact Starkey&Brown.