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Map6 bedroom apartment for sale
Newark Road, Lincoln
Sold STC
Apartment
6 beds
Key information
Features and description
- Five separate apartments
- Monthly income of £3,340
- All EPC grade C
- EICR in place
- Reserved parking space
- Gas central heating
- Four one bedroom apartments
- One two double bedroom apartment
- Council tax bands A
- Integrated fire alarm system
GENERAL INFORMATION The Balconies.
A purpose built, modern, three storey building with five separate, tenanted flats.
The Balconies comprises of two, one bedroom ground floor apartments with gardens;
Two, first floor, one bedroom apartments with balconies
One, second floor, two double bedroom apartment with balcony.
Each apartment comes with its own reserved parking space.
THE APARTMENTS Ground Floor
Apartment 1 - Entrance Hall, Living Kitchen, Bathroom, Double Bedroom and rear garden. The apartment spans approximately 42sqm
Apartment 2 - Entrance Hall, Living Kitchen, Bathroom, Double Bedroom and rear garden. The apartment spans approximately 42sqm
First Floor
Apartment 3 - Entrance Hall, Living Kitchen with Balcony, Bathroom and double Bedroom. The apartment spans approximately 45sqm
Apartment 4 - Entrance Hall, Living Kitchen with Balcony, Bathroom and double Bedroom. The apartment spans approximately 45sqm
Second Floor
Apartment 5 - Entrance Hall, Living Kitchen with Balcony, Bathroom, two Double Bedrooms and En Suite Shower Room. The apartment spans approximately 69sqm
CURRENT RENTS The below information has been supplied to us by a third party. Interested parties are advised to have the following information checked and verified via their legal representatives. The figures stated indicate pcm and in GBP.
Apartment 1 - £675.00
Apartment 2 - £675.00
Apartment 3 - £585.00
Apartment 4 - £560.00
Apartment 5- £845.00
Total - £3,340.00pcm giving a gross annual total of £40,080 or 6.7% yield bases on asking price.
LEGAL CERTIFICATES We have been provided the relevant safety certificates for the five apartments by the Managing Agent which include:
Energy Performance Certificates - all five apartments have up to date EPCs each with a "C" rating.
EICR - Each apartment has a valid EICR in place
Gas Safety Certificate - Each apartment has a valid gas safety certificate
We have been informed that the building offers an integrated fire alarm system.
APARTMENT 1 Entrance Hall
Lounge - 4.99m x 3.82m
Bedroom - 4.12m x 3.06m max
Bathroom - 1.94m x 1.85m
Enclosed rear garden and parking space
APARTMENT 2 Entrance Hall
Living Kitchen - 5.01m x 3.51m
Bedroom - 4.13m x 3.03m max
Bathroom - 1.94m x 1.85m
Enclosed rear garden and parking space
APARTMENT 3 Entrance Hall
Living Kitchen - 6.08m x 3.15m narrowing to 3.05m
Bedroom - 3.14m x 3.76m
Bathroom - 1.75m x 2.36m
Parking space and first floor balcony
APARTMENT 4 Entrance Hall
Living Kitchen - 6.11m x 3.15m overall
Bedroom - 3.14m x 3.78m
Bathroom - 1.75m x 2.37m
Parking space and balcony
APARTMENT 5 Entrance Hall
Living Kitchen - 6.71m x 4.95m narrowing to 3.01m
Bedroom 1 - 4.22m x 3.13m overall
En Suite Shower Room
Bedroom 2 - 3.11m x 2.82m overall
Bathroom - 1.76m x 1.76m
Parking space and balcony
ANTI MONEY LAUNDERING King & Co are required to formally identify all parties to a transaction and will therefore, when negotiating a Sale, require to see proof of identification, e.g. Passport or Driving License / Utilities Bill, to conform with the Money Laundering Regulations 2003 and the Proceeds of Crime Act 2002.
VIEWINGS Strictly by prior appointment through the Agents office on[use Contact Agent Button]
SERVICES Mains electricity, water, drainage and gas are connected to the building. Central heating is provided to a radiator system from a gas fired boiler to each apartment. All apartments are double glazed throughout. None of the service installations within the property have been tested.
TENURE The property is being purchased as on going concern with tenants in situ. The purchase is for the apartment block and freehold interest.
A purpose built, modern, three storey building with five separate, tenanted flats.
The Balconies comprises of two, one bedroom ground floor apartments with gardens;
Two, first floor, one bedroom apartments with balconies
One, second floor, two double bedroom apartment with balcony.
Each apartment comes with its own reserved parking space.
THE APARTMENTS Ground Floor
Apartment 1 - Entrance Hall, Living Kitchen, Bathroom, Double Bedroom and rear garden. The apartment spans approximately 42sqm
Apartment 2 - Entrance Hall, Living Kitchen, Bathroom, Double Bedroom and rear garden. The apartment spans approximately 42sqm
First Floor
Apartment 3 - Entrance Hall, Living Kitchen with Balcony, Bathroom and double Bedroom. The apartment spans approximately 45sqm
Apartment 4 - Entrance Hall, Living Kitchen with Balcony, Bathroom and double Bedroom. The apartment spans approximately 45sqm
Second Floor
Apartment 5 - Entrance Hall, Living Kitchen with Balcony, Bathroom, two Double Bedrooms and En Suite Shower Room. The apartment spans approximately 69sqm
CURRENT RENTS The below information has been supplied to us by a third party. Interested parties are advised to have the following information checked and verified via their legal representatives. The figures stated indicate pcm and in GBP.
Apartment 1 - £675.00
Apartment 2 - £675.00
Apartment 3 - £585.00
Apartment 4 - £560.00
Apartment 5- £845.00
Total - £3,340.00pcm giving a gross annual total of £40,080 or 6.7% yield bases on asking price.
LEGAL CERTIFICATES We have been provided the relevant safety certificates for the five apartments by the Managing Agent which include:
Energy Performance Certificates - all five apartments have up to date EPCs each with a "C" rating.
EICR - Each apartment has a valid EICR in place
Gas Safety Certificate - Each apartment has a valid gas safety certificate
We have been informed that the building offers an integrated fire alarm system.
APARTMENT 1 Entrance Hall
Lounge - 4.99m x 3.82m
Bedroom - 4.12m x 3.06m max
Bathroom - 1.94m x 1.85m
Enclosed rear garden and parking space
APARTMENT 2 Entrance Hall
Living Kitchen - 5.01m x 3.51m
Bedroom - 4.13m x 3.03m max
Bathroom - 1.94m x 1.85m
Enclosed rear garden and parking space
APARTMENT 3 Entrance Hall
Living Kitchen - 6.08m x 3.15m narrowing to 3.05m
Bedroom - 3.14m x 3.76m
Bathroom - 1.75m x 2.36m
Parking space and first floor balcony
APARTMENT 4 Entrance Hall
Living Kitchen - 6.11m x 3.15m overall
Bedroom - 3.14m x 3.78m
Bathroom - 1.75m x 2.37m
Parking space and balcony
APARTMENT 5 Entrance Hall
Living Kitchen - 6.71m x 4.95m narrowing to 3.01m
Bedroom 1 - 4.22m x 3.13m overall
En Suite Shower Room
Bedroom 2 - 3.11m x 2.82m overall
Bathroom - 1.76m x 1.76m
Parking space and balcony
ANTI MONEY LAUNDERING King & Co are required to formally identify all parties to a transaction and will therefore, when negotiating a Sale, require to see proof of identification, e.g. Passport or Driving License / Utilities Bill, to conform with the Money Laundering Regulations 2003 and the Proceeds of Crime Act 2002.
VIEWINGS Strictly by prior appointment through the Agents office on[use Contact Agent Button]
SERVICES Mains electricity, water, drainage and gas are connected to the building. Central heating is provided to a radiator system from a gas fired boiler to each apartment. All apartments are double glazed throughout. None of the service installations within the property have been tested.
TENURE The property is being purchased as on going concern with tenants in situ. The purchase is for the apartment block and freehold interest.
Property information from this agent
About this agent
King & Co. is an established and professional firm of Chartered Surveyors and Estate Agents, located within the heart of Lincoln City. As an independent firm we have the flexibility to tailor our service to meet your needs, and very importantly, those of your property. King & Co. was founded in the year 2000 and has subsequently grown from strength to strength, demonstrating a proven track record for success and customer service. Our office, situated in Silver Street, enjoys a central City location, giving easy access to buyers and sellers, landlords and tenants alike. The partners have a strong ethos for going the extra mile and delivering quality service to clients, new and existing. We firmly believe that this attitude sets us apart from the ever-growing competition and will contribute to your achieving the result that you desire. Between them, the partners have in excess of 30 years’ experience in the property industry, which is an invaluable resource for all our clients and which will ensure future success for the company.