Lime Living
Lettings 01246 275 559
Sales 01246 380 338
Sheffield 0114 438 9331
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High Street, Lincoln

For Sale - Offers around £325,000

High Street - Picture 1

 4 Bedrooms      0 Bathroom       0 Reception

 Commercial - Freehold

 1 Photo

 Lincoln

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Key Features

  • Retail Unit to Ground Floor
  • Four Letting Rooms
  • Walking Distance of the University
  • Student Accommodation Produces (£20,800 pa).
  • Recently Refurbished
  • Student Accommodation is Fully Let, Fully Managed
  • Investment Opportunity

Summary

*****INVESTMENT OPPORTUNITY***** RETAIL UNIT TO GROUND FLOOR - STUDENT ACCOMMODATION PROVIDING 4 SEPARATE LETS - RECENTLY REFURBISHED.
Retail Unit to Ground Floor with Student Accommodation to 1st & 2nd Floors Providing 4 Letting Rooms. Within Walking Distance of the University. The Ground floor retail unit is vacant but had been let at £900pcm (£10,800pa) the student accommodation is fully let, fully managed and produces £100 per week/room (£20,800pa).

The property is offered for sale by Private Treaty.


Full Description

Reference: LIM1000989

Tenant Fees

In addition to paying rent for the property, you may also be required to make the following permitted payments:

Before the tenancy starts:

Holding Deposit: 1 week’s rent; This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

and/or

Deposit: 5 weeks rent (or in the case of rental income of more than £50,000 per annum 6 weeks rent).

During the tenancy:

Payments to other third parties: such as Council Tax, utilities or payments for communications services;

Default Charges: such as payments for the replacement of lost keys or interest on overdue rent; and

Tenancy Transaction Charges: such as requests to vary or assign the tenancy.

Early Termination (Tenant¿s Request) Should the tenant wish to leave their contract early, they shall be liable to the landlord¿s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.

Tenant Protection

Lime Living is a member of UKALA, which is a client money protection scheme, and also a member of Property Redress Scheme (PRS), which is a redress scheme. You can find out more details by contacting our office 01246 275559 or info@limeliving.co.uk.

Disclaimer

These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.

Contact Lime Living for more details

 Unit 11, The Glass Yard, Chesterfield, S41 8LF    |     01246 275559   |    info@limeliving.co.uk


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