Call the team on 01228 510 552 for more information
Residential investment property - immediate £20,000 pa income
A substantial town house with 5 rooms currently let to students producing a gross annual income of £20,000. The property has gas central heating and is conveniently situated only a few minutes walk from the City centre and all amenities. There is potential for 7 letting rooms (subject to satisfying the necessary permissions) which would produce a potential gross income of in excess of £28,000. Alternatively it could be used as a spacious family home with 2 reception rooms, dining kitchen, bathroom and basement room, with 6 bedrooms, a bathroom and separate W.C. to the first floor. Outside there is a rear yard with garage. The property may require some structural repair - see report in legal pack.
Tenure
See Legal Pack
Ground Floor
Entrance Hall; Front Sitting room - 15'3 x 14'; Rear Reception/Bedroom - 14' x 12'9; Dining Kitchen - 13'3 x 11'9 with range of units, oven and hob; Bathroom - 11'9 x 5'3 with shower over bath, basin and WC.
First Floor
Front Bedroom - 10'6 x 7'; Front Bedroom - 14' x 13'; Front Bedroom - 14'6 x 13'; Rear Bedroom - 11'9 x 10'3; Rear Bedroom - 10'9 x 7'6; Bathroom - 8'6 x 4'9 with bath and basin; Separate WC; Rear Bedroom - 11'3 x 8'6.
Outside
Forecourt. Rear yard and Garage with access from rear lane.
Rental terms
Rent per room - £87.00 per week to include gas, electric, water, TV License, phone line in and broadband. Term – 01/09/18 to 26/07/19 (47 weeks)
Viewing
Please telephone 01228 510552
Energy Efficiency Rating (EPC)
Current Rating D
Services
Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.
Local Authority
Carlisle City Council
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.
Additional Fees
Administration Charge - £900 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.