Yarborough Road, Lincoln

Pridea Sales and Lettings are proud to present to market this 6 bedroom, semi-detached property in the uphill area of the City of Lincoln.

Currently being utilised as student accommodation and fully let, producing rental income of £32,000 per annum, giving a gross yield of 8.2%, with the potential to increase this year on year in line with market rent.

The property is located in close proximity to the University of Lincoln and a wealth of local amenities, with stunning views of the city over the West Common.

The accommodation briefly comprises of: Porch, Hallway, Two Double bedrooms, Living Room, Dining Room, Kitchen, Utility Area, Separate WC. To the first floor, you will find a further Three Double Bedrooms and a Single Bedroom, and Two Bath/Shower Rooms. On the Second Floor is a private Office Space.
Externally, there is a courtyard area to the front aspect with access around the side of the property to another courtyard at the rear aspect, which also leads to up to multiple parking spaces accessed by road from Burton Road.

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Porch - 5'11" (1.8m) x 5'11" (1.8m)

Hallway

Bedroom 1 - 15'10" (4.83m) x 14'6" (4.42m)
Bay window to front aspect, radiator, carpet

Bedroom 2 - 12'8" (3.86m) x 13'2" (4.01m)
Bay window to rear aspect, window to side aspect, radiator, carpet

Living Room - 9'11" (3.02m) x 12'10" (3.91m)
Access to kitchen and dining room, radiator, laminate wood flooring

Dining Room - 7'1" (2.16m) x 15'10" (4.83m)
UPVc windows with a brick base, UPVc French doors leading to rear aspect, radiator, laminate wood flooring

Kitchen - 9'11" (3.02m) x 13'3" (4.04m)
Fitted with base cabinets and wood work surfaces, spaces for under the counter appliances, linoleum floor, access to

Utility Area - 6'5" (1.96m) x 4'7" (1.4m)
Fitted with base cabinets and wood work surfaces, space for under the counter appliances, linoleum floor, access to

WC - 2'11" (0.89m) x 7'4" (2.24m)
Fitted with low level WC and wall hung basin, window to side aspect, radiator, laminate wood flooring

Bedroom 3 - 15'10" (4.83m) x 14'6" (4.42m)
Bay window to front aspect, radiator, carpet

Bathroom - 5'11" (1.8m) x 5'11" (1.8m)
Window to side aspect, radiator, laminate wood flooring. Fitted with three piece suite consisting of low level WC, pedestal sink, walk in shower

Bedroom 4 - 12'8" (3.86m) x 13'2" (4.01m)
Bay window to side aspect, radiator, carpet

Bathroom - 6'8" (2.03m) x 7'1" (2.16m)
Window to side aspect, radiator, carpet. Fitted with three piece suite consisting of low level WC, pedestal sink and panelled bath

Bedroom 5 - 6'8" (2.03m) x 10'11" (3.33m)
Window to side aspect, radiator, carpet

Bedroom 6 - 9'11" (3.02m) x 9'10" (3m)
Window to rear aspect, radiator, carpet

Office - 15'10" (4.83m) x 10'3" (3.12m)
Skylight window to side aspect, radiator, carpet

Council Tax
Lincoln City Council, Band C

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.