Property description

ATTENTION INVESTORS. 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.

Ground Floor
Having entrance porch with door opening to:

Entrance Hallway
Having door to side garden aspect, storage cupboard and stairs rising to first floor landing.

Ground Floor Bedroom 1 - 13' 10'' excluding bay window x 14' 0'' max (4.21m x 4.26m)
Having bay window to front aspect, radiator and power points.

Ground Floor Bedroom 2 - 15' 11'' x 12' 6'' (4.85m x 3.81m)
Having window to rear aspect, radiator and power points.

Ground Floor Bathroom - 6' 6'' x 8' 0'' (1.98m x 2.44m)
Having 3 piece bath suite with mixer tap over and shower head, low level wc, sink unit and window to side aspect.

Ground Floor Kitchen - 15' 1'' x 9' 11'' (4.59m x 3.02m)
Having base and eye level storage units with work surfaces splash backs, 4 burner electric hob, plumbing for washing machine, windows to side and rear aspects.

First Floor Landing
Having stair access to second floor of the property and access to 2 double bedrooms, 1 single bedroom and bathroom.

First Floor Bedroom 1 - 10' 8'' max x 13' 11'' excluding bay window (3.25m x 4.24m)
Having bay window to front aspect, radiator and power points.

First Floor Bedroom 2 - 13' 11'' x 12' 6'' max (4.24m x 3.81m)
Having window to rear aspect, radiator and power points.

First Floor Bedroom 3 - 10' 7'' x 6' 5'' (3.22m x 1.95m)
Having window to front aspect, radiator and power points.

First Floor Bathroom - 9' 10'' x 9' 7'' (2.99m x 2.92m)
Having 3 piece bath suite comprising window to side aspect and vinyl flooring.

Second Floor Landing
Having access to second floor landing, kitchen diner and boiler room.

Boiler Room - 6' 6'' x 5' 7'' (1.98m x 1.70m)
Having hot water cylinder, central heating controls and boiler.

Kitchen Diner - 11' 5'' max x 9' 6'' excluding window (3.48m x 2.89m)
Having kitchenette style base and eye level storage units, work surfaces, splash backs, sink unit and window to rear aspect.

Second Floor Bedroom 1 - 12' 7'' max x 9' 7'' excluding window (3.83m x 2.92m)
Having window to front aspect, power points and radiator.

Outside
Having a shared rear access leading to private off road parking.

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