Situation: The property is well positioned on Belmont Street, Lincoln, close to the City centre and a wide range of facilities and amenities. Lincoln itself offers a wonderful range of leisure and retail facilities along with a wide number of eateries. Lincoln University is increasingly growing in demand also. Description: A wonderful opportunity to acquire this well proportioned and versatile terrace house, offered for sale in need of improvement works but offering scope to add value or generate a strong yield in this area of high rental demand. There is also scope to provide student accommodation with the University. Subject to the necessary consents being obtained and criteria being met, as a 3 bedroom HMO, SERCO have advised the potential to achieve achieve a rental value of up to £1434.27 (£17,211.24 per annum) (please note that this figure is indicative and subject to confirmation) once renovated. Accommodation Ground Floor Entrance Hallway Lounge Dining Room Conservatory Kitchen Family Bathroom WC First Floor Bedroom 1 Bedroom 2 Bedroom 3 Rear gardenMaterial Information Tenure: The property is freehold. All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack. Council Tax: The property falls within Lincoln Council – BAND A Viewing: Strictly by appointment with Auction House. Services: Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor. These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town and Country Planning matters has been obtained by

Portrait Video Tour

False

Energy Efficiency Rating (EPC)

Current Rating E

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Additional Fees

Administration Charge - Non-refundable £3,600 inc VAT payable on the fall of the virtual gavel.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.