Cable Street, Lancaster, Lancashire, LA1 1HD

Location

PRIME CITY CENTRE LOCATION close to all amenities. Situated opposite the bus station, students are within easy travelling distance to both Universities. Large Sainsbury's supermarket within short walk.

Description

*** INCOME PRODUCING HMO STUDENT PROPERTY *** 8 LETTING BEDROOMS *** 3 SHOWERROOMS *** HEART OF THE CITY CENTRE *** EXCELLENT LETTING HISTORY ***

This property has the possibility of being sold as part of a portfolio with three other properties which offer some unique advantages for potential buyers. This portfolio will appeal to investors looking to diversify their holdings and spread risk across multiple assets. It also provides an opportunity for buyers to acquire a ready-made investment portfolio with the potential for rental income or future appreciation.

The subject property is situated opposite the bus station giving easy access to both Universities and very close to the main Sainsbury's supermarket. Also within easy walking distance of all Lancaster amenities including gyms, pubs, clubs, shops, eateries and health services.

The property is let for this 2025/2026 academic year at 8 x £125 PPW x 48 (per person per week) offering an annual gross income of £48,000.

The property is sold with furniture and white goods included in the sale with the exception of the tenant's personal belongings (such as any furniture they may have brought to the property).

*This property currently has a valid HMO license in place granted by the local authority (a new owner will have to apply for their own license upon completion).

Accommodation Text

Ground Floor
Entrance Hall
Bedroom 1
Bedroom 2
Bedroom 3
Bedroom 4
Showerroom/w.c.
First Floor
Lounge/Diner
Fitted Kitchen
Showerroom/w.c.
Second Floor
Bedroom 5
Bedroom 6
Bedroom 7
Bedroom 8
Showerroom/w.c.
Rear Yard Area

Services

All mains services available

EPC Information

'C'

The Opportunity

The property is let for this 2025/2026 academic year at 8 x £125 PPW x 48 (per person per week) offering an annual gross income of £48,000.

The property is sold with furniture and white goods included in the sale with the exception of the tenant's personal belongings (such as any furniture they may have brought to the property).

*This property currently has a valid HMO license in place granted by the local authority (a new owner will have to apply for their own license upon completion).

A current landlord's gas safety certificate is in place along with EICR (electrical installation condition report).

Lease Terms

The property is let for this 2025/2026 academic year at 8 x £125 PPW x 48 (per person per week) offering an annual gross income of £48,000.

Legal Costs

Each party responsible for their own legal costs.