Property Description

Nestled in a quiet cul de sac location is this spacious, well presented property comprising hallway, downstairs cloakroom/WC, kitchen, lounge, three bedrooms and bathroom. Externally the property benefits from front and rear gardens and allocated parking. Ideal for all investors looking to build on their portfolios. The Brant Road area of Lincoln is popular with first time buyers and Investors. There is a local shopping centre located close by, as well as a variety of schooling options, great transport links, a doctors surgery and a chemist. Currently let at £9,980 per annum rising annually by the Retail Price Index +2%. An excellent opportunity for investors, benefiting from immediate income on completion.

Ground Floor:

Entrance Hallway, Cloakroom/WC, Kitchen, Lounge

First Floor:

Three Bedrooms Bathroom

Outside:

Front and rear gardens and allocated parking.

Occupancy Agreement:

The property is let under an Occupancy Agreement commenced 08/08/1994 at a contractual rent of £191.94 per week. The Agreement allows for annual increases on 1st April in line with the Retail Prices Index (RPI) plus 2%.

Auctioneers Note:

The Auctioneers have not inspected the property. The details have been provided by the seller and all interested parties should rely on their own investigations to verify the information provided.

Viewings:

There will be no internal viewings and interested parties are requested not to contact the occupants direct.

Tenure

Freehold

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