Salisbury Road, Lancaster, LA1

Investment Opportunity: Five-Bedroom Income-Producing Property Set Over Three Floors

A well-presented five-bedroom property currently let to five professionals on an initial six-month contract, rolling monthly thereafter. This property boasts an outstanding letting history, having been consistently occupied for the last 20 years ideal for investors seeking immediate income generation.


5 X ?550.00 ( per month per person) X 12 offering an annual gross income of ?33,000. All utilities included.

Experience urban living at its best with this property, conveniently located within walking distance of Lancaster's bustling city centre. Nature lovers will appreciate easy access to serene canal-side walks and Lancaster train station is also within walking distance, offering direct connections to London in just over two hours.


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).

*This property currently has a valid HMO license in place granted by the local authority (a new owner will have to apply for their own license upon completion).

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

Entrance Vestibule

Door to the hallway.

Hallway

Stars to the first floor, laminate floor, radiator.

Bedroom One

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

Lounge/Diner

Double-glazed window to the rear, laminate floor, radiator, door to understairs storage cupboard housing the combi boiler.

Kitchen

Double-glazed window to the side, range of matching wall and base units, stainless steel sink, four plates ceramic hob and extractor hood, electric oven, two fridges, washing machine, laminate floor, door to the yard.

First Floor Landing

Split level with stairs to the second floor.

Bedroom Two

Double-glazed window to the front, carpeted floor, radiator.A spacious room with room for an en-suite if needed, subject to any necessary planning.

Bedroom Three

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

Bathroom

Double-glazed frosted window to the side, bath, shower cubicle with thermostatic shower, wash hand basin, extractor fan, heated towel rail, laminate floor, W.C.

Second Floor Landing

Double-glazed window to the rear.

Bedroom Four

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

Bedroom Five

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

W.C

Wash hand basin, laminate floor, extractor fan, W.C.

Outside

Gate to access road, two storage sheds with one housing a tumble dryer, patio area.

Investment Information

An impressive five-bedroom property currently let to five professionals on an initial six-month contract, rolling monthly thereafter. This property boasts an outstanding letting history, having been consistently occupied for the last 20 years ideal for investors seeking immediate income generation.5 X ?550.00 ( per month per person) X 12 offering an annual gross income of ?33,000. All utilities included.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).*This property currently has a valid HMO license in place granted by the local authority (a new owner will have to apply for their own license upon completion).A current landlord's gas safety certificates are in place along with a new EICR (electrical installation condition report).

Useful Information

Tenure FreeholdCouncil Tax Band (B ) ?1,841.18No Chain