Map6 bedroom property for sale
Key information
Features and description
- Tenure: Freehold
- End of terraced former house
- Converted to a six bedroom HMO
- All bedrooms come with their own en suites
- Accommodation across three floors
- Market town of Gainsborough
- 15 miles north of Lincoln city centre
- Currently 100% occupied
We are pleased to offer to auction this end of terraced former house converted to a six bedroom HMO with accommodation across three floors including rooms to the loft space.
The subject property is located on the A156 Lea Road to the edge of the market town of Gainsborough which is approximately 15 miles north of Lincoln city centre. The A156 Lea Road is the main road link between Gainsborough and Lincoln to the south.
The total gross rent is currently £29,640 per annum, with rents ranging from £90 to £100 per week. Potential to increase these all to approx. £100 - £105 per week totalling £31,200 - £32,760 per annum.
Please note we have not inspected this property.
Rooms
Location
The subject property is located on the A156 Lea Road to the edge of the market town of Gainsborough which is approximately 15 miles north of Lincoln city centre. The A156 Lea Road is the main road link between Gainsborough and Lincoln to the south. The properties immediately surrounding the subject are of a similar residential, terraced nature to the main with a small electrical appliance shop located to the opposite side of the road. There are a number of food takeaways located on the A159, 0.3 miles north of the subject, a Jet fuel station to the north end of Lea Road and an Aldi food supermarket located further south on Lea Road. Further to the north the Marshall’s Yard shopping centre located 0.5 miles north provides a plethora of shops with a Tesco food superstore located adjacent to it. There is a train station located further south of Lea Road which provides services to Doncaster ...
Accommodation
Six bedroom HMO. The ground floor comprises of an entrance hall leading to bedroom 1 and a kitchen/diner to the rear. Of the kitchen/diner is bedroom 2. The first and second floor comprise of a further two bedrooms each. In addition, each bedroom is fitted with an ensuite shower room. Externally there is a small garden to the front which is laid with stone chippings and a further small yard to the rear which can be accessed via a side gate or patio doors to the kitchen/diner.
Construction
The subject is of a traditional bricks and mortar construction with a pitched, concrete tile roof. The floors are solid concrete to the ground floor and suspended timber to the upper floors whilst the windows are double glazed and set in uPVC frames.
Rent
The total gross rent is currently £29,640 per month, with rents ranging from £90 to £100 per week. Potential to increase these all to approx. £100 - £105 per week totalling £31,200 - £32,760 per annum.
Tenure
Freehold. Title number: LL409340.
Council Tax
Band A.
EPC
Available upon request (rating D).
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'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, 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 Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
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.
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 and identity process in accordance with Anti Money Laundering procedures.
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 of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). 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 it necessary or beneficial to the customer to pass your 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.
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