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Eastbourne Street, Lincoln, Lincolnshire, LN2 5BW

Key features

  • Fantastic investment opportunity
  • Six bedroom HMO
  • Communal room and kitchen
  • Enclosed rear yard
  • City centre location
  • Approx income of £27,960
  • Approx yield of 11.65%
  • Highly competitive new price

Description

*For sale via secure sale online bidding: terms and conditions apply.*

We are pleased to offer to auction this six bedroom Fully Licensed HMO property with an annual income of £27,960 per annum giving an approximate yield of 11.65%

With a highly competitive new price, this is not an opportunity to be missed.

This is a great opportunity to purchase a HMO situated in a prime city centre location within a short walk to Lincoln University and Lincoln City Centre.

The property has living accommodation briefly comprising of Entrance Hall, Communal Room, Kitchen, Utility Room, Bathroom and Two Downstairs Bedrooms. There are a further Three bedrooms and Shower Room to the first floor, and a Double Bedroom to the second floor. Outside there is a gravelled low maintenance courtyard to the rear.

Early and internal is highly recommended to truly appreciate the accommodation on offer. Call us today to arrange your viewing.

Please note we have not inspected this property.

Location

The subject property is located along Eastbourne Street, situated in a prime city centre location within a short walk to Lincoln University and Lincoln City Centre. Lincolnshire is a ceremonial county in the East Midlands and Yorkshire. It is bordered by the East Riding of Yorkshire across the Humber estuary to the north, the North Sea to the east, Norfolk, Cambridgeshire, Northamptonshire and Rutland to the south, and Leicestershire, Nottinghamshire and South Yorkshire to the west.

Accommodation

Bedroom 1 - 14'1" (4.29m) x 11'11" (3.63m)
Communal Room - 12'9" (3.89m) x 7'5" (2.26m)
Bedroom 2 - 12'9" (3.89m) x 8'7" (2.62m)
Kitchen - 15'7" (4.75m) x 7'5" (2.26m)
Laundry Room - 5'6" (1.68m) x 7'5" (2.26m)
Bathroom - 5'6" (1.68m) x 7'5" (2.26m)
Bedroom 3 - 12'0" (3.66m) x 15'3" (4.65m)
Shower Room
Bedroom 4 - 14'2" (4.32m) x 7'9" (2.36m)
Bedroom 5 - 12'10" (3.91m) x 7'9" (2.36m)
Bedroom 6

Tenure

Freehold. Title number LL175812.

Council Tax

City of Lincoln Council, Band A.

EPC

Available upon request (rating D).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Brochures

Brochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Ask agent
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Allocated
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Ask agent

Energy performance certificate - ask agent

Eastbourne Street, Lincoln, Lincolnshire, LN2 5BW

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lincoln Central Station0.6 miles
  • Hykeham Station3.9 miles
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About Pattinsons, Pattinsons Auction- National Auctioneer

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Disclaimer - Property reference 463743. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinsons, Pattinsons Auction- National Auctioneer. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinsons, Pattinsons Auction- National Auctioneer on 0191 625 0964.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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