• The property currently holds an HMO licence +

• A five/six-bedroom student let, located centrally in Lincoln +

• Historically operated as a sought-after student property +

• AUCTION DATE: TUESDAY 30TH JULY 2024 +

• BIDDER REGISTRATION: Please ensure you are registered to bid on the Barnard Marcus Auctions website by 2pm on Monday 29th July 2024 +

• DOWNLOAD LEGAL DOCUMENTS FROM BARNARD MARCUS AUCTIONS WEBSITE +

SUMMARY
West Parade has operated as a student let over many years as a five-bedroom property, but it has the potential to be used as a six bedroom let. The current HMO licence was granted in 2021 and expires July 2026.

DESCRIPTION
AUCTION DATE: TUESDAY 30TH JULY 2024
BIDDER REGISTRATION: Please ensure you are registered to bid on the Barnard Marcus Auctions website by 2pm on Monday 29th July 2024
FOR SALE VIA THE MIDLANDS AUCTION CENTRE IN ASSOCIATION WITH BARNARD MARCUS AUCTIONS TUESDAY 30th JULY 2024 AT 9.00AM AT THE DE VERE GRAND CONNAUGHT ROOMS, 61-65 GREAT QUEEN STREET, COVENT GARDENS, LONDON WC2B 5DA. YOU CAN ALSO REGISTER FOR ONLINE BIDDING.
West Parade has operated as a student let over many years as a five-bedroom property, but it has the potential to be used as a six bedroom let. There is the potential to achieve within the region of £115-£135 per week, per room which makes this a very attractive investment opportunity. The property is located a short distance from the centre of Lincoln which offers an abundance of amenities including bars, restaurants, retail outlets and tourist attractions. The property currently operates and comprises a kitchen/diner, living room, reception room/bedroom, utility room and a WC to the ground floor. To the first floor are three bedrooms, a bathroom and a shower room. To the second floor are two bedrooms. The current HMO licence was granted in 2021 and expires July 2026. Please note that HMO licences aren't transferable. The property has been well maintained by the current tenants.
Accommodation
Ground floor: an entrance hall, kitchen/diner, living room, reception room/bedroom, utility room and a WC.
First floor: three bedrooms, a bathroom and a shower.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.