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INVESTMENT OPPERTUNITY - Annual income of approximately £15,000 per annum, let between 03.09.2024 until 16.08.25 at £150 pppw - Annual gross yield of approximately 10.7%. This is a fantastic opportunity to purchase this investment property within Lincoln City Centre and within a short walk of Lincoln High Street and a range of local shops and facilities. The property is currently utilised as a two person house share and benefits from being well-presented with a modern Kitchen and two modern Shower Rooms. Internally the accommodation comprises of Entrance Hallway, Lounge, Dining Room, Kitchen, Downstairs Shower Room and a First Floor Landing leading to two Double Bedrooms and an Upstairs Shower Room. Outside there is a shared passageway leading to a generous-sized courtyard garden to the rear. Further details on the current tenancy are available on request.
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 stairs to First Floor and giving access to the Lounge and Dining Room.
LOUNGE 11' 3" x 11' 2" (3.43m x 3.4m) , with UPVC double glazed window and radiator.
DINING ROOM 11' 5" x 11' 3" (3.48m x 3.43m) , with UPVC double glazed window, understairs storage cupboard and radiator.
KITCHEN 15' 1" x 5' 2" (4.6m x 1.57m) , with two UPVC double glazed windows and external door, fitted with a range of wall, base units and drawers with work surfaces over, tiled splashback, stainless steel sink and drainer, integral oven, four ring gas hob with extractor fan over, freestanding washing machine, freestanding fridge freezer and radiator.
SHOWER ROOM 6' 2" x 4' 3" (1.88m x 1.3m) , with UPVC double glazed window, vinyl flooring, low level WC, wash hand basin, shower cubicle with tiled surround, heated towel rail and extractor fan.
FIRST FLOOR LANDING Giving access to two Bedrooms and the Shower Room.
BEDROOM 1 11' 3" x 10' 10" (3.43m x 3.3m) , with UPVC double glazed window and radiator.
BEDROOM 2 11' 5" x 7' 9" (3.48m x 2.36m) , with UPVC double glazed window and radiator.
SHOWER ROOM 10' 9" x 5' 6" (3.28m x 1.68m) , with UPVC double glazed window, vinyl flooring, low level WC, wash hand basin, shower cubicle with tiled surround, heated towel rail and storage cupboard housing the gas-fired central heating boiler.
OUTSIDE There is a side passageway leading to a generous-sized courtyard garden to the rear.
