Licensed HMO, 11 Hereward Street, Lincoln

£340,000
For Sale
1/13
£340,000
For Sale
William Downing
BSc (Hons) MRICS FNAEA MIoD MARLA FNAEA (Comm)
Director
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Property summary

Fully Let HMO
Full licensed C4
Let to 6 students on an AST dated the 20/04/21.
Rent is £33,660 pa gross
Agreement is from 01/09/21 to 04/08/22 being 51 weeks
6 letting rooms
110 sqm

Get in touch

William Downing
BSc (Hons) MRICS FNAEA MIoD MARLA FNAEA (Comm)
Director

More about the property

An opportunity to acquire the freehold interest on this fully licensed HMO residential property let to 6 tenants on an AST. The property comprises a well maintained mid terraced property and is fully let.

The property is situated in a densely populated area close to all amenities and within 1 miles of the main University. Lincoln is a Cathedral City and county town of Lincolnshire. The non-metropolitan district of Lincoln had a 2012 population of 94,600. The 2011 census gave the urban area of Lincoln, including North Hykeham and Waddington, a population of 115,000. Roman Lindum Colonia developed from an Iron Age settlement on the River Witham. Landmarks include Lincoln Cathedral, English Gothic architecture, for over 200 years the world’s tallest building and the 11th century Norman Lincoln Castle. The city hosts the University of Lincoln, Bishop Grosseteste University, Lincoln City FC. Lincoln is one of England’s finest Cathedral Cities and the administrative and major shopping centre within the County of Lincolnshire. It has a population of circa 543,367 and an established total catchment spend of £984.40 million. It is also a growing University City, with close to 15,000 students and academic staff based at the main campus in Lincoln, contributing an estimated £250 million to the local economy.

Location

Accommodation

ACCOMMODATION
The property comprises 6 letting rooms with communal lounge/kitchen/diner with rear garden. The property has a gross internal area (GIA) of 110 sqm
SERVICES
All mains services are connected to the property
TENURE
The property is freehold subject to the existing tenancies
COUNCIL TAX
The property has a Council Tax Band of A
TENANCY AGREEMENTS
The property is let to 6 students on an AST dated the 25/05/21. The agreement runs for 51 weeks from the 08/10/21 to the 30/09/22.

The rent is £33,660 pa gross.
HMO DETAILS
The property has a certificate of lawfulness dated the 19/11/19 for use as a C4 HMO.
EPCS
The property has an EPC of D which expires on the 15/01/29.
LEGAL FEES
Each party is responsible for their own legal costs
VAT
The sale is exclusive of VAT if applicable
LOCAL AUTHORITY
Lincoln City Council
Tel: 01522 536777
VIEWING
Contact Pygott & Crone Commercial
21 The Forum
North Hykeham
Lincoln
LN6 8HW
Tel: 01522 536777
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