Depot Street, Lincoln

INVESTMENT OPPORTUNITY - A fantastic opportunity to acquire two self-contained two bedroom apartments within close proximity to Lincoln City Centre, Brayford Pool and University, with a rental yield of approximately 10.35%. The ground floor flat is currently let with a new tenancy starting from 21/8/25 to 6/8/26 at £290 per week (inclusive of bills). The first floor flat is currently let with a new tenancy starting from 1/7/25 to 16/6/26 at £290 per week (inclusive of bills). 

LOCATION The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery. The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Bishop Grosseteste University. 

GROUND FLOOR FLAT  

ENTRANCE HALL  

OPEN PLAN LIVING KITCHEN DINER 30' 7" x 11' 9 (max)" (9.34m x 3.58m) Kitchen area fitted with a range of wall and base units with work surfaces over, stainless steel sink with side drainer and mixer tap over, electric oven and hob with extractor fan and spaces for fridge freezer and washing machine.

Living area with two double glazed windows to the front aspect and radiator. 

BEDROOM 1 11' 9" x 10' 9" (3.59m x 3.30m) With double glazed window to the side aspect, fitted wardrobes and radiator. 

BEDROOM 2 12' 11" x 8' 10" (3.96m x 2.70m) With double glazed window to the front aspect, storage cupboard and radiator. 

SHOWER ROOM 8' 3" x 7' 8" (2.52m x 2.35m) Fitted with a three-piece suite comprising of shower cubicle, pedestal wash hand basin and close coupled WC, part tiled walls and radiator. 

FIRST FLOOR FLAT  

ENTRANCE HALL With staircase to the first floor. 

LANDING With Velux window. 

OPEN PLAN LIVING KITCHEN DINER 19' 4" x 12' 8" (5.90m x 3.88m) Kitchen area fitted with a range of wall and base units with work surfaces over, stainless steel sink with side drainer and mixer tap over, electric oven and hob with extractor fan, spaces for fridge freezer and washing machine and a Velux window.

Living area with two double glazed windows to the front aspect and radiator. 

BEDROOM 1 16' 2" x 10' 7 (max)" (4.93m x 3.23m) With double glazed window to the front aspect, fitted wardrobes and radiator. 

BEDROOM 2 11' 1" x 10' 9" (3.39m x 3.30m) With Velux window, fitted wardrobes and radiator. 

BATHROOM 8' 11" x 5' 11" (2.74m x 1.81m) Fitted with a three-piece suite comprising of panelled bath with shower over, pedestal wash hand basin and close coupled WC, part tiled walls, laminate flooring, radiator and Velux window. 

OUTSIDE The flats are located just off Carholme Road behind a secure fence with an enclosed yard and brick stores.