New Road, Lancaster, LA1

***INCOME PRODUCING HMO STUDENT PROPERTY*** ***4 LETTINGS BEDROOMS *** 1 BATH*** 1 EN-SUITE SHOWER ROOM ***HEART OF THE CITY CENTRE *** EXCELLENT LETTING HISTORY ***


Character income-producing property situated in the heart of the city centre with all of the amenities Lancaster has to offer including gyms, pubs, clubs, shops, eateries, and health services.

This property is let for this 2023/2024 academic year at 4 x ? 109.PPW x 52 (per person per week) offering an annual gross income of ?22,672.

The property is also let for the next 2024/2025 academic year at 4 x ?120 PPW x 52 (per person per week) offering an annual gross income of ?24,960.

The property is sold with furniture and white goods included in the sale with the exception of the tenant's personal belongings (such as any furniture they may have brought to the property).


A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).

Entrance Hallway

Stairs to the first floor, built-in storage cupboard, vinyl floor, door to the yard, radaitor, door to the cellar.

Cellar

Good head height, storage space, gas and electric meters, tumble dryers.

Lounge

Double-glazed window to the front, carpeted floor, radiator.

Kitchen/Diner

Double-glazed window to the rear, range of matching wall and base units, fridge/freezer, Ideal combi boiler, stainless steel sink, table and chairs, washing machine, four ring gas hob and extractor hood, electric oven, vinyl floor, radiator.

Yard

Small rear yard.

First Floor Landing

Double-glazed window to the rear, radiator, stairs to the second floor.

Bedroom One

Double-glazed window to the rear, carpeted floor, radiator.

Bedroom Two

Double-glazed window to the rear, carpeted floor, radiator.

Bedroom Three

Double-glazed window to the front, carpeted floor, radiator.

Second Floor Landing

Double-glazed window to the rear.

Bathroom

Double glazed velux window, access to the loft, bath, wash hand basin, double shower cubicle with thermostatic shower, tiled floor, radiator, W.C.

Bedroom Four

Double-glazed velux window, carpeted floor, radiator, door to the en-suite.

En-Suit Shower Room

Shower cubicle with thermostatic shower, tiled floor, extractor fan.

Useful Information

Tenure FreeholdCouncil Tax Band (A ) ?1505.37

Investment In formation

This property is let for this 2023/2024 academic year at 4 x ? 109.PPW x 52 (per person per week) offering an annual gross income of ?22,672.The property is also let for the next 2024/2025 academic year at 4 x ?120 PPW x 52 (per person per week) offering an annual gross income of ?24,960.The property is sold with furniture and white goods included in the sale with the exception of the tenant's personal belongings (such as any furniture they may have brought to the property).A current landlord's gas safety certificates are in place along with EICR (electrical installation condition reports).