Gaunt Street, Lincoln, LN5
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
1
- SIZE
Ask agent
Key features
- For Sale Via Modern Method of Auction
- Terms & Conditions Apply
- Subject to Reserve Price
- Tenant in Situ
- EPC Grade TBC
- City of Lincoln Council
- Council Tax Band A
- No Onward Chain
Description
***INVESTMENT OPPORTUNITY. TENANT IN SITU*** Being sold via Modern Method of Auction-Terms & Conditions apply. A centrally located Two bedroom Ground Floor Apartment which would make a perfect addition to the investment portfolio. Current yield of 6.9% per annum City of Lincoln Council-Band A.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.
LIN240113/2
Description
***FOR SALE VIA MODERN METHOD OF AUCTION-TERMS & CONDITIONS APPLY*** Being sold with a long standing tenant in situ! Current Gross yield of circa 6.9%! Which could raise as high as 9% A spacious Ground Floor Apartment which is located a stones throw away from Lincoln City Centre and is the perfect next property to add to the portfolio for buy to let investors. Briefly comprising; Open Plan Kitchen/Living/Dining Area, Two Double Bedrooms, Bathroom. A Parking permit can be purchased through City of Lincoln Council. EPC GRADE TBC.
Location
Centrally located off Lincoln's High Street within walking distance to the City Centre. All local amenities on the properties doorstep.
Auctioneer Comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. (truncated)
Kitchen/Living/Dining Area
4.83m x 4.78m
Bedroom 1
5.13m x 3.96m
Bedroom 2
3.46m x 3.18m
Bathroom
2.2m x 1.86m
Parking
Permit for on street parking must be purchased through City of Lincoln Council.
Tenure
Leasehold. 999 years from new. 983 years remaining.
Local Authority
City of Lincoln Council.
Note to Investors
The Property currently achieves 6.9% yield per annum. If you were to be successful in winning the auction this could be raised to a gross yield of circa 9.7%.
Brochures
Web DetailsFull Brochure PDFTenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
£0 per year
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
£0
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
983 years left
Energy performance certificate - ask agent
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.
Band: A
Gaunt Street, Lincoln, LN5
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lincoln Central Station0.4 miles
- Hykeham Station2.9 miles
- Saxilby Station5.8 miles
About the agent
Your Move, Lincoln
44-45 Silver Street, Lincoln, LN2 1EH
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference LIN240113. 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 Your Move, Lincoln. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Your Move, Lincoln on 020 3873 9734.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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