Next auction Thursday 20th June 2.30PM

89 Ripon Street, Lincoln, LN5 7NH



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Guide price

£160,000+


Property Type

Investment

Bedrooms

4


Key Features

  • Freehold four bedroom student investment property.
  • Fully let and producing £17,000 per annum excl
  • Next Block Viewing: Friday 21st April at 2:30pm.

Part of the 27 April 2023 auction
The Nottingham Racecourse at 2.30PM

An opportunity to acquire a student investment property providing 4 bedrooms and communal lounge/kitchen and bathroom. Fully let and producing £17,000 per annum excl

  • Approximately 0.5 miles south-east of Lincoln University
  • Campus is 5 minutes by bike or 3 minutes by car
  • Within a popular and established student rental location
  • Among the top 30 Universities for student satisfaction
  • The University has a new & striking city centre campus
  • Lincoln Train Station is close by (London 2hrs)
  • Providing accommodation over 2 floors
  • Providing four bedroom accommodation
  • Lounge, kitchen and WC/shower room
  • Good sized rooms within this spacious period property
  • Floor plans to be made available in the legal pack.
  • Representing a high yielding investment opportunity
  • Fully let with a current rent of £17,000 pa excl
  • Not inspected internally by Auction Estates

Contact Auction Estates on (0115) 7844600

Fees

A buyer's premium of £1,440 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.

Guide Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Freehold subject to the existing tenancies. the property is fully let & producing £17,000 pa ecl

Refer to Legal Pack

Email: rr@bwslaw.co.uk
Telephone: 01509232611

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