Bowerham Road, Lancaster, Lancashire, LA1 4HJ

Location

Ever popular South Lancaster location within easy walking distance of University of Cumbria and the city centre itself. Also on main bus route to Lancaster University.

Description

*** INCOME PRODUCING HMO STUDENT PROPERTY *** 4 LETTING BEDROOMS *** BATHROOM/W.C. & SEPARATE W.C. *** IDEAL FOR UNIVERSITY OF CUMBRIA *** 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 property is situated in the ever popular Bowerham area of South Lancaster within easy walking distance of University of Cumbria and the city centre itself with all its amenities. The property is also situated on a main bus route to Lancaster University.

The property was let for 2024/2025 academic year at 3 x £113 PPW x 48 weeks (per person per week) offering an annual gross income of £16,272.

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).

Accommodation Text

Ground Floor
Entrance Vestibule
Entrance Hall
Bedroom 1
Lounge
Dining Kitchen
Utility Room 1
Utility Room 2
Cloakroom/w.c.
First Floor
Bedroom 2
Bedroom 3
Bathroom/w.c.
Bedroom 4
Rear Yard Area

Services

All mains services connected.

EPC Information

'D'

Lease Terms

The property was let for 2024/2025 academic year at 3 x £113 PPW x 48 weeks (per person per week) offering an annual gross income of £16,272.

Legal Costs

Each party responsible for their own legal costs.