Property Details

Station Road, North Hykeham, Lincoln£360,000 Draft Particulars - Awaiting Vendors Approval

On MarketStarkey&Brown Lincoln - 01522 84584500016416

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

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.

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.
Lounge11' 6'' x 11' 0'' (3.50m x 3.35m)
Having radiator.
Kitchen13' 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.
Bedroom11' 7'' x 9' 8'' (3.53m x 2.94m)
Having radiator.
Bathroom11' 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.
Lounge13' 6'' into bay x 11' 1'' (4.11m x 3.38m)
Having walk-in bay window to front aspect and radiator.
Kitchen13' 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).
Bedroom13' 6'' into bay x 9' 8'' (4.11m x 2.94m)
Having walk-in bay window to front aspect and radiator.
Bathroom7' 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 Diner17' 6'' max x 14' 8'' max (5.33m x 4.47m)
Having 2 radiators.
Kitchen9' 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).
Bedroom12' 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).

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