Flat for sale in Gaunt Street, Lincoln LN5

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.

LIN240113/8

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%.