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6 Robey Court, Robey Street, Lincoln, Lincolnshire, LN5

Floor Plans
1

Key features

  • Rental Income: £14,790 p.a.
  • Gross Initial Yield: 8.96%
  • Comprises 2-bedroom self-contained apartment arranged over first and second floor
  • Let to students. New ASTs for 2024/2025 season agreed and signed

Description

Investment Consideration:
Gross Initial Yield: 8.96%
Rental Income: £14,790 p.a.
VAT is NOT applicable to this property
Let to students. New ASTs for 2024/2025 season agreed and signed
Comprises 2-bedroom self-contained apartment arranged over first and second floor
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.

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

Tenancy:
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.

Location:
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.

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Property Particulars
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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6 Robey Court, Robey Street, Lincoln, Lincolnshire, LN5

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About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

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Disclaimer - Property reference 6robeycourt. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Blue Alpine, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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