Newly available to William Property Management, a rare opportunity to purchase this modern one bedroom apartment in the highly sought after Linea development. The apartment benefits from a secure basement car park and a resident caretaker, while being situated in the very heart of Scunthorpe town centre. With a high build quality and modern, contemporary feel, this is an opportunity not to be missed!!!
Entrance Hallway, including wall mounted electric heater and spotlighting, leading to bedroom, bathroom and living area
Spacious double bedroom, window to internal areas, wall mounted radiator
Modern white bathroom suite including; bath with chrome taps, glass shower screen and separate shower over. WC, wash hand basin with chrome taps, stainless steel towel rail radiator.
Living Room / Kitchen Area
Large external windows, spacious carpeted living area with wall mounted electric heater, leading onto open plan kitchen area with grey tiled floor, white wall and base kitchen units with dark grey worktop and built in fridge freezer. Stainless steel electric oven, integrated 4 ring glass electric hob unit with extractor hood above and stainless steel sink and mixer tap, with spotlights over kitchen.
Washer dryer and boiler.
A well maintained and excellent condition modern apartment, with contemporary fittings and simple but spacious design, this apartment offers both a great home and a solid investment. With construction completed in 2009 and currently let at 450pcm, this competitively priced apartment offers net yield in excess of 5.5% for both new and experienced investors alike, as well as the first time buyer. We highly recommend a viewing to be able to realise the full potential of this property as a rental investment with high demand in an ideal location.
The building contains 97 apartments constructed and finished to a high standard. With a total of four floors, three staircases and one central passenger lift, there is the added benefit of a basement car park with a remotely operated roller shutter door with space for approximately 45 vehicles and pedal cycle storage. Linea (Dunstall Street) Management Company Ltd (LMCL) is responsible for the maintenance of the development and employs a full time caretaker who resides in the building. The communal areas are light and airy, and have been maintained in excellent decorative order though out, thanks to the full support of all lessee members of LMCL.
The Linea apartment building is occupied 98% by working professional tenants. The occupancy rate at Linea is over 95% and has been so since the completion of the building. The Linea building is a genuinely tried and tested professional rental development, and has become the 'go to' professional rental within Scunthorpe.
Car parking: None of the one bedroom apartments at Linea include a basement car park space, however there is a large council owned car park immediately adjacent to the building and 24/7 permits are available. One bedroom apartment residents who require parking generally use this car park. The majority of 2 bedroom apartments at Linea do include one basement parking space.
William Property Management provides a fully managed rental service at Linea for 99% of the rented apartments, and are able to provide details of Service Charges and Rental Yields on request. With a fully managed fee of just 9% we can offer all existing tenants as resident tenants to the buyers of these apartments and will arrange renewal of tenancy agreements, in the name of the new owners, as a complimentary service at no cost. We have established links with local businesses and extensive online advertising, as well as a first class reputation, to ensure we can maximise the return of your investment.
Please note: Photographs are of show apartment within the development and may not be current pictures of this individual property. Service Charges and Ground Rent apply - please contact us for details. Limited number of 1 and 2 bedroom apartments available, contact us now to arrange a viewing!