- HOME OF MULTIPLE OCCUPANCY
- INVESTMENT OPPORTUNITY
- 14 of 15 Bedrooms Let at £100 per week with and £18 Utility Cap
- Potenial Gross Income of £87,750 (15 Rooms at £117 per week)
- Currently 10 Bedrooms Let for 23/24 (as of 28/11/22)
- City Centre Location
- Short Walk to Shops & Facilities
- VIRTUAL TOUR AVAILABLE
- Council Tax Band - F (Lincoln City Council)
- EPC Energy Rating - D
15 Bedroom Detached House for sale in Lincoln
15
4
INVESTMENT OPPORTUNITY - A fantastic opportunity to purchase this substantial 15 bedroomed Home of Multiple Occupancy located in this prime City location, being close to Lincoln City Centre, Lincoln College and Lincoln University. The property currently has 14 of the 15 bedrooms let for the 2022/23 Academic Year at £100.00 per week per room, over 50 weeks with an £18.00 Utility Cap. Currently the property also has 10 of the 15 bedrooms let at £117.00 per week over 50 weeks for the 2023/24 Academic Year and the current Letting Agent is still advertising the property to let the remaining rooms. When all rooms are let, the property has an approximate gross income of £87,750 per annum, at £117.00 per week per room over 50 weeks. Internally the property has 15 Bedrooms, 4 Bathrooms and an impressive Open Plan Living, Kitchen and Dining Communal Area. Outside the property further benefits from gardens to the rear.
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.
SERVICES All mains services available. Gas fired central heating.
NOTE Please ensure that all figures in relation to rental income are checked by Solicitor prior to the Exchange of Contracts.
The current Letting Agent is LiveWithUs Lincoln.
Important information
This is a Freehold property.
Property Ref: 58704_102125026090
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01522 510044
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