Station Road, North Hykeham, Lincoln

Features

• Fantastic Investment Opportunity
• Three Apartments With Tenants In Situ
• Gross Income £20,880
• Gross Return Of 5.8%
• Parking For All Apartments
• Large Plot
• Potential For Further Development (STPP)
• Call Today To View

Summary

GREAT INVESTMENT!! £20,800 GROSS INCOME PER ANNUM!! Located within the desirable North Hykeham area of Lincoln, within walking distance of North Hykeham train station and a wide variety of amenities is this superb investment opportunity on Station Road. This extended, detached freehold property consists of three one-bedroom apartments being offered for sale with tenants in situ and currently generating an income of £20,880, which equates to a healthy 5.8% gross return per annum. Over recent years the property has benefited from a comprehensive scheme of remodelling and extending and has been fully refurbished to include wiring, heating, kitchens, bathrooms, windows, doors and high levels of insulation and soundproofing. Outside the property has three parking spaces and communal grounds which offer suitable space for further development, subject to planning permission. Call today for more information or to arrange a viewing. Council tax band: A. Freehold.

Full Details

Apartment 1 - 22 Station Road

Spacious first floor apartment which is currently let out for £550 per calendar month. Having accommodation comprising:

Entrance Lobby

Having uPVC front entrance door and stairs rising to first floor landing.

Lounge (11' 6'' x 11' 0'' (3.50m x 3.35m))

Having radiator.

Kitchen (13' 1'' max x 7' 2'' (3.98m x 2.18m))

Having a range of matching wall and base units, single drainer stainless steel sink unit with mixer taps over and tiled splash backs, built-in oven, hob and cooker hood, space for fridge and freezer, plumbing for washing machine, Worcester Bosch central heating boiler (serviced annually), radiator and tiled effect vinyl flooring.

Bedroom (11' 7'' x 9' 8'' (3.53m x 2.94m))

Having radiator.

Bathroom (11' 0'' x 7' 2'' (3.35m x 2.18m))

Having 3 piece suite comprising panelled with shower attachment over, pedestal wash hand basin, low level WC, tiled effect vinyl flooring, heated towel rail, part tiled walls and access to loft.

Apartment 2 - 22a Station Road

Spacious ground floor apartment. Currently let at for £595 per calendar month.

Rear Entrance Lobby

Having uPVC entrance door, ceramic tiled floor and door into inner hallway.

Lounge (13' 6'' into bay x 11' 1'' (4.11m x 3.38m))

Having walk-in bay window to front aspect and radiator.

Kitchen (13' 1'' x 7' 2'' (3.98m x 2.18m))

Having a range of matching wall and base units, larder unit, single drainer stainless steel sink unit with mixer taps over and tiled splash backs, built-in oven, hob and cooker hood, plumbing for washing machine, space for fridge freezer, ceramic tiled floor, radiator and Worcester Bosch central heating boiler (serviced annually).

Bedroom (13' 6'' into bay x 9' 8'' (4.11m x 2.94m))

Having walk-in bay window to front aspect and radiator.

Bathroom (7' 6'' x 7' 2'' (2.28m x 2.18m))

Having 3 piece suite comprising panelled bath with shower attachment over, pedestal wash hand basin, low level WC, ceramic tiled floor, heated towel rail, part tiled walls and extractor.

Apartment 3 - 22B Station Road

Ground floor single storey apartment to the rear. Currently let for £600 per calendar month.

Entrance Hallway

Having uPVC front entrance door, ceramic tiled floor and access to loft.

Lounge Diner (17' 6'' max x 14' 8'' max (5.33m x 4.47m))

Having 2 radiators.

Kitchen (9' 2'' x 6' 7'' (2.79m x 2.01m))

Having a range of matching wall and base units, single drainer stainless steel sink unit with mixer taps over, built-in oven, hob and cooker hood, space for fridge freezer, plumbing for washing machine, ceramic tiled floor, radiator and Worcester Bosch central heating boiler (serviced annually).

Bedroom (12' 3'' x 11' 4'' (3.73m x 3.45m))

Having radiator.

Shower Room

Having 3 piece suite comprising large walk-in shower cubicle with mains fed shower and glass shower screen, pedestal wash hand basin, low level WC, ceramic tiled floor, heated towel rail and extractor.

Outside Front

To the front of the property there is a small courtyard garden/parking area and driveway extending to side and leading to rear.

Outside Rear

To the rear of the property there is a generous sized area of land which offers ample parking space for several vehicles and also offers suitable space for further development within the grounds if desired, (subject to the necessary consents).