Property description
ATTENTION INVESTORS! Located within the West End Cathedral and university city of Lincoln and available for sale on the basis of a going concern comprising a multi occupancy 5 bedroom let 3 storey home. The property accommodation comprises entrance hall, reception room and breakfast kitchen with ground floor shower room and double bedroom. To the first floor 2 further double bedrooms, 1 with en suite bathroom, single bedroom and shower room. Whilst to the top floor of the property a further double bedroom. Outside the property has front and rear courtyard areas and further benefits from extensive gas fired central heating and extensive uPVC double glazing. The current owner has successfully let the property since 2003 on a multi occupancy basis for the last 5 years. The multi occupancy licence has 1 year left to run before requiring renewal and all rooms are let on a 6 month tenancy deal. The current landlord has a gross monthly rental yield of in the excess of £1,300 making the property a sound investment within this vibrant university city. Carholme Road is located to be within walking distance to the city centre and therefore perfect for professionals and student alike to access amenities, shops, restaurants, bars and transport links. Please call to arrange an early viewing to avoid any disappointment on 01522 845 845.
Entrance Hallway
Having uPVC front door entry, stairs to the first floor of the property.
Reception Room - 11' 2'' max x 12' 1'' (3.40m x 3.68m)
Having uPVC window to rear aspect, power points and radiator.
Breakfast Kitchen - 19' 4'' x 6' 4'' (5.89m x 1.93m)
Having base and eye level storage units with work surfaces and splash backs, one bowl sink unit with mixer tap over, uPVC window to side aspect, plumbing for washing machine, breakfast area, radiator and electric cooker point.
Ground Floor Shower Room
Having 3 piece suite with overhead electric shower over, sink unit, low level wc and vinyl flooring.
Ground Floor Bedroom - 8' 3'' excluding bay window x 11' 0'' max (2.51m x 3.35m)
Having box bay window to front aspect, power points and radiator.
First Floor Landing
Having stairs rising to second floor bedroom and access to remaining bedrooms, first floor and shower room.
Shower Room
Having 3 piece suite with overhead electric shower appliance, pedestal sink unit and low level wc.
Bedroom 2 - 8' 11'' excluding storage wardrobes x 11' 2'' max into wardrobes(2.72m x 3.40m)
Having fitted wardrobe, window to rear aspect, power points, radiator and access to bathroom.
En Suite Bathroom
Having 3 piece bath suite comprising overhead electric shower over, low level wc, pedestal sink unit, splash backs and window to rear aspect.
Bedroom 3 - 12' 3'' x 9' 2'' (3.73m x 2.79m)
Having uPVC window to front aspect, radiator and power points.
Bedroom 5 - 12' 2'' x 5' 4'' (3.71m x 1.62m)
Having uPVC window to front aspect, power points and radiator.
Second Floor Landing
Bedroom 4 (Irregular Shaped Room) - 15' 10'' max x 14' 11'' max narrowing to 11'2 min (4.82m x 4.54m)
Having roof window, power points and part sloped ceiling.
Outside Front
Having courtyard area with shared access leading to the entrance of the property.
Outside Rear
Is predominantly laid with concrete and is enclosed.
Agents Note
The property is available for sale as a going concern not with vacant possession and therefore the property is best suited to investors.
Property Features :
- ATTENTION INVESTORS
- HMO 5 Bedroom Let House
- West End Location
- Tenants In Situ
- Impressive Rental Yield