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INVESTMENT OPPORTUNITY - Annual income of approx. £13,500 - Let between the dates 25/7/24 to 8/7/25 at £135pppw - Approx. gross yield of 10.38%. A fantastic opportunity to purchase this investment property located within Lincoln City Centre, just a short walk from Lincoln High Street and a range of local shops and facilities. The property is currently utilised as a two person house share and is well-presented throughout with a modern Kitchen and Bathroom. In further detail, the accommodation comprises of an Entrance Hallway, Sitting Room, Dining Room, Kitchen and First Floor Landing leading to two double Bedrooms and a Bathroom. To the rear of the property there a small courtyard garden. Further information regarding the current tenancy is available upon request. We have been advised by the vendor that the rental income for the next year will be approx. £14,500 per annum.
LOCATION The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery. The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Bishop Grosseteste University.
ENTRANCE HALL With access to the sitting room.
SITTING ROOM 11' 10" x 11' 2" (3.61m x 3.4m) , with UPVC double glazed window and radiator.
DINING ROOM 11' 11" x 11' 2" (3.63m x 3.4m) , with UPVC double glazed window and radiator.
KITCHEN 12' 0" x 6' 0" (3.66m x 1.83m) , with UPVC double glazed window and external door, vinyl flooring, fitted with a range of wall, base units and drawers with work surfaces over, partly tiled walls, stainless steel sink unit and drainer, integral oven, four ring ceramic hob with extractor fan over and a freestanding washing machine and fridge freezer.
FIRST FLOOR LANDING With access to two bedrooms and bathroom.
BEDROOM 1 12' 0" x 11' 2" (3.66m x 3.4m) , with UPVC double glazed window and radiator.
BEDROOM 2 12' 0" x 8' 1" (3.66m x 2.46m) , with UPVC double glazed window and radiator.
BATHROOM 6' 9" x 6' 3" (2.06m x 1.91m) , with UPVC double glazed window, vinyl flooring, low level WC, wash hand basin, bath with electric shower over, panel boarding to walls and access to the roof void.
OUTSIDE To the rear of the property there is a small courtyard garden.
