*ONLINE Unconditional Auction Opening 17 March 2025*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire
Description
Situation:
The property is situate on Cross Street, Lincoln, a popular and well positioned area of the City, close to a wide range of facilities and amenities, including the University and City centre. Lincoln is a vibrant and popular historic city, and has seen significant growth over the last decade, with the increasingly popular university, and continued development. The City also boasts a well connected rail station and good road access to the surrounding areas.
Description:
A traditionally constructed end of terrace house, arranged as a 4 bed property having a versatile internal layout, with the benefit of an attached self contained building as a potential annexe (subject to planning). The property benefits from double glazing, gas central heating and well proportioned rooms throughout and is offered for sale currently let at £900 pcm (£10,800 per annum). The tenant has recently be served a Section 21, and is keen to move on, so vacant possession is anticipated shortly after completion. An internal viewing is highly recommended to appreciate the scope on offer, as there is potential to add value, or potentially split title to provide separate letting facilities or HMO (STP) with potential of over £30,000 per annum income.
Accommodation
Ground Floor:
Entrance Hallway
Lounge
Breakfasting Kitchen
Bedroom 1
First Floor:
Bedroom 2
Bedroom 3
Bedroom 4
Bathroom
Potential Annexe:
Shower Room
Open Plan Self Contained Living Area.
Outside:
To the rear of the property is a garden area.
Material Information
Tenure:
The property is freehold. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack.
Council Tax:
The property falls within Lincoln Council – BAND A
Possession:
Subject to exisiting tenancy agreement and notice.
Viewing:
Strictly by appointment with Auction House.
Services:
Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
Non-refundable £1,440 inc VAT payable on the fall of the virtual gavel.
Administration Charge
Non-refundable £1,440 inc VAT payable on the fall of the virtual gavel.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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- 4 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 01427 616436 for more information
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