Lindum Road, Lincoln, LN2
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
11
- BATHROOMS
3
- SIZE
3,444 sq ft
320 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Investment Opportunity
- 11 Bedrooms, 3 Bathrooms + 3 WC HMO
- Central Location Within Walking Distance of Lincoln University
- Fantastic Condition Throughout
- Grade II Listed Building
- Tenanted
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Description
The property is let to students and offered as a going concern. Income begins at completion.
Internally, the building has been maintained and fitted to a standard that requires no immediate further investment. Herringbone-effect flooring throughout the ground floor, a fully equipped open-plan kitchen with a central island, generously proportioned bedrooms with fitted furniture, and a basement level with further potential all contribute to a tenant offering that has sustained consistent occupancy.
The HMO licence is current and it has been confirmed by the sellers that all conditions have been met. Prospective purchasers should note that licences follow the person rather than the property - a new licence will be required upon transfer of ownership. Planning permission for the change of use from a social club to a 12 bedroom Sui Generis HMO was granted in 2004.
At £129 per square foot, Stairs House is competitively positioned for a listed freehold of this scale and specification in an established university city.
A buyer's premium of 3% + VAT applies, payable in two stages - a reservation fee on instruction and the balance on legal completion via solicitor.
To view the full investment brochure, please register for the REALM 47 Investor Clubhouse at realm47.com.
- 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.
- No parking
- GARDENA property has access to an outdoor space, which could be private or shared.
- Patio
- 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
Lindum Road, Lincoln, LN2
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Visit our security centre to find out moreDisclaimer - Property reference LN1531. 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 Realm 47, Hull. 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.
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