6 bedroom property for sale
Key information
Property description & features
- Tenure: Freehold
- 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 competitive new price
We are pleased to offer to auction 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.
Please note we have not inspected this property.
Rooms
Location
The subject property is located along Eastbourne Street, situated in a prime city centre location within a short walk to Lincoln University and Lincoln City Centre. Lincolnshire is a ceremonial county in the East Midlands and Yorkshire. It is bordered by the East Riding of Yorkshire across the Humber estuary to the north, the North Sea to the east, Norfolk, Cambridgeshire, Northamptonshire and Rutland to the south, and Leicestershire, Nottinghamshire and South Yorkshire to the west.
Accommodation
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)
Bathroom - 5'6" (1.68m) x 7'5" (2.26m)
Bedroom 3 - 12'0" (3.66m) x 15'3" (4.65m)
Shower Room
Bedroom 4 - 14'2" (4.32m) x 7'9" (2.36m)
Bedroom 5 - 12'10" (3.91m) x 7'9" (2.36m)
Bedroom 6
Tenure
Freehold. Title number LL175812.
Council Tax
City of Lincoln Council, 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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Property reference 463743. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson - Commercial.
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Broadband availability and predicted speed: obtained from Ofcom on December 17, 2021
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 22, 2021
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on May 30, 2024 from 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.
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