6 bedroom property for sale in Lincoln
Price: £225,000
This Property is Markted By :
Pridea Sales and Lettings
375 High Street, Lincoln, Lincolnshire, LN5 7RY
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Property Reference: 1906
Full Property Description:
Pridea Sales and Lettings are proud to present to market this six bedroom Fully Licensed HMO property with an annual income of ?27,960 per annum giving an approximate yield of 11.65%
With a highly competitive new price, this is not an opportunity to be missed.
This is a great opportunity to purchase a HMO situated in a prime city centre location within a short walk to Lincoln University and Lincoln City Centre.
The property has living accommodation briefly comprising of Entrance Hall, Communal Room, Kitchen, Utility Room, Bathroom and Two Downstairs Bedrooms. There are a further Three bedrooms and Shower Room to the first floor, and a Double Bedroom to the second floor.
Outside there is a gravelled low maintenance courtyard to the rear.
Early and internal is highly recommended to truly appreciate the accommodation on offer. Call us today to arrange your viewing.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as `The Auctioneer`.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers` obligations and sellers` commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
Bedroom 1 - 14'1" (4.29m) x 11'11" (3.63m)
Communal Room - 12'9" (3.89m) x 7'5" (2.26m)
Bedroom 2 - 12'9" (3.89m) x 8'7" (2.62m)
Kitchen - 15'7" (4.75m) x 7'5" (2.26m)
Laundry Room - 5'6" (1.68m) x 7'5" (2.26m)
Property Features:
- FANTASTIC INVESTMENT OPPORTUNITY
- SIX BEDROOM HMO
- COMMUNAL ROOM AND KITCHEN
- ENCLOSED REAR YARD
- CITY CENTRE LOCATION
- APPROX INCOME OF ?27,960
- APPROX YIELD OF 11.65%
- HIGHLY COMPETITVE NEW PRICE
Property Brochure:
Click link below to see the Property Brochure:
Energy Performance Certificates (EPC):
Floorplans:
Click link below to see the Property Brochure:Agent Contact details:
| Company: | Pridea Sales and Lettings | |
| Address: | 375 High Street, Lincoln, Lincolnshire, LN5 7RY | |
| Telephone: |
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| Website: | http://www.pridea.co.uk |
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