Property description
ATTENTION INVESTORS. 10% Gross Rental Yield!!! An exciting investment opportunity has arisen to acquire this substantial bay fronted terraced house that currently commands a gross rental income in the region of £17,500 per annum. Based on the asking price of the property the presents a gross rental yield of 10%. The property itself is currently occupied on a room by room rental comprising 5 doubles and 1 single room with additional accommodation to include 2 bathrooms, ground floor kitchen and the top floor of the property a kitchenette. Further benefits of the property include a rear parking area and gas fired central heating.The property is being sold as a going concern with tenants in situ. For further information or rental guidance please call 01522 845 845.The property's position is located to east of the Cathedral city of Lincoln and therefore provides convenient access to the college, university, road, rail and public transport links as well as a wide range of city centre amenities, shops, bars and restaurants. In the agents opinion this ideal investment opportunity should not be missed and for an early viewing call 01522 845 845.
Entrance Porch
Having door entry and glazed door to:
Entrance Hallway
Having uPVC door to garden aspect and access to ground floor rooms.
Ground Floor Bedroom 1 - 13' 1'' max into recess x 13' 11'' excluding bay (3.98m x 4.24m)
Having bay window to front aspect, radiator and power points.
Ground Floor Bedroom 2 - 12' 6'' max into recess x 15' 11'' (3.81m x 4.85m)
Having window to rear aspect, radiator and power points.
Ground Floor Shower Room - 7' 9'' x 5' 2'' (2.36m x 1.57m)
Having 3 piece bath suite with shower cubicle, low level wc, sink unit, window to side aspect and splash backs.
Kitchen - 9' 11'' x 1' 4'' (3.02m x 0.41m)
Having base and eye level storage units with work surfaces, splash backs, sink unit, hob, vinyl flooring and windows to side aspect.
First Floor Landing
Having stair access to second floor of the property and access to first floor accommodation and bathroom.
First Floor Bedroom 1 - 10' 8'' max into recess x 13' 11'' excluding bay window (3.25m x 4.24m)
Having bay window to front aspect, fitted single wardrobe, radiator and power points.
First Floor Bedroom 2 - 11' 5'' max x 14' 0'' (3.48m x 4.26m)
Having window to rear aspect, radiator and power points.
First Floor Bedroom 3 - 10' 5'' x 7' 7'' (3.17m x 2.31m)
Having window to front aspect, radiator and power points.
First Floor Bathroom - 9' 11'' x 5' 8'' (3.02m x 1.73m)
Having 3 piece bath suite with overhead electric shower, sink unit, low level wc and window to side aspect.
Second Floor Landing
Having access to second floor bedroom, kitchen diner and boiler room.
Boiler Room - 5' 6'' x 6' 2'' (1.68m x 1.88m)
Having central heating boiler and controls and hot water cylinder.
Kitchen Diner - 12' 7'' x 9' 1'' excluding window (3.83m x 2.77m)
Having base and eye level storage units, work surfaces with splash backs, one bowl stainless steel sink unit, radiator and power points.
Second Floor Bedroom - 9' 7'' excludes window x 12' 7'' max into recess (2.92m x 3.83m)
Having window to front aspect, power points and radiator.
Outside
The rear is approach via a shared accessed via access driveway leading to private parking area.
Agents Note
The properties have a lapsed planning permission to add apartments to the rear of Numbers 151 & 153.
Agents Note 1
Rental income is based on the current owners tenancy agreements and managed contract with their letting agent. Starkey&Brown has taken this information in good faith.
Property Features :
- ATTENTION INVESTORS
- 10% Gross Rental Yield
- Walking Distance To City Centre
- Period Bay Fronted House
- Currently Let