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Friars Lane, Lincoln, LN2 5AL

£425,000

Friars Lane, Lincoln, LN2 5AL

5 Bedrooms

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Status Available
Price Qualifier Default
Property Type Not Specified (Not Specified)
Tenure Type Freehold
Transaction Type Resale
New Home? No

Features

  • Investment Opportunity
  • Currently producing an income of £39,00 per annum
  • Mixture of self-contained rooms and rooms with shared kitchens
  • Two rooms being recently refurbished
  • Five car parking spaces included
  • NO CHAIN

Property description

The ground floor comprises of five self contained studios, two of which have recently been re-furbished with a third being started shortly.
 
FITTED KITCHEN AREA
 
SHOWER ROOM
 
LOUNGE/BEDROOM
 
Each unit has electric storage heating.
 
On the first floor are 4 en suite rooms all having
 
LOUNGE/BEDROOM
Large storage cupboard
 
EN SUITE SHOWER ROOM
 
Electric storage heating.
 
There is a large shared kitchen for these first floor rooms.
 
To the rear of the property is a laundry room which is for all o f the tenants use together with an external drying area.
 
The income comprises
 
FIRST FLOOR
1 unit paying £90 per week
3 units paying £80 per week
 
The Council Tax and electricity are paid for by the landlord on the first floor and the electricity is paid for by the landlord on the ground floor.
 
SERVICES
Mains electricity, water and drainage are connected to the property.The units are heated by electric storage heaters. None of the service installations within the property have been tested.
 
The EPC rating is C76. A full copy of the Energy Performance Certificate is available from the Agent by request.
 
TENURE
We understand that the property is freehold.
 
VIEWING
Strictly by prior appointment through the agents office.
 
AGENTS NOTE
The property is bought subject to the tenancies which are in force at the time of purchase.

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