Being Sold via Secure Sale Online Bidding. Terms & Conditions Apply. Starting Bid £225,000.
Please see the link below.


This property will be legally prepared to enable any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process provides speed, security and certainty for all parties.

* FOUR BEDROOMS * TWO BATHROOMS * SET OVER THREE FLOORS *
TURN KEY INVESTMENT

Superb opportunity to purchase an income-producing investment property located within easy reach of Lancaster city centre, bus links to universities and all of its amenities.

Opportunities such as these are going to be so much harder to create with the article 4 regulation now in place in Lancaster, so capitalise now before prices increase further.


4-BED STUDENT LET
This property is let for this 2022/2023 academic year with an annual gross income of £20,160 on a guaranteed basis with the current letting agent.
Also, let for the 2023/2024 academic year with an annual gross income of £24,000.

Current Student tenants in place with a signed AST (assured short-hold tenancy agreement) in place until August 2023.
(bills inclusive)


Test certificates are in place and available.

The property rests within walking distance of all of the amenities Lancaster has to offer including gyms, pubs, clubs, shops, eateries, and health services.

Entrance Hallway - Stairs to the first floor, carpeted flooring, radiator.

Bedroom One - Double-glazed window to front, cupboard housing gas and electric meters, carpeted flooring, radiator.

Lounge/Diner - Double-glazed window to rear, door to the understairs storage area, carpeted flooring, radiator.

Kitchen - Double-glazed window to side, range of matching wall and base units, stainless steel sink, four ring gas hob and extractor hood, electric oven, washing machine and dryer, tiled flooring.

Utility Area - Door to the yard, space for fridge/freezer, tiled flooring, radiator.

Bathroom - Double-glazed frosted window to side, panelled bath with thermostatic shower, wash hand basin, fully tiled, radiator, extractor fan, tiled flooring, W.C.

First Floor Landing - Carpeted flooring, stairs to the second floor.

Bedroom Two - Double-glazed window to front, walk-in storage cupboard, carpeted flooring, radiator.

Bedroom Three - Double-glazed window to rear, carpeted flooring, radiator.

Second Floor Landing - Laminate flooring, radiator, under eaves storage.

Bedroom Four - Double-glazed window to rear, laminate flooring, radiator, built-in wardrobes.

Shower Room - Double-glazed window to front, shower cubicle with thermostatic shower, wash hand basin, extractor fan, tiled flooring, heated towel rail, W.C.

Outside - Rear yard with gate to access road.

Useful Information - Tenure-Freehold
Council Tax Band ( A) £1379.97
This property is let for this 2022/2023 academic year with an annual gross income of £20,160 on a guaranteed basis with the current letting agent.

Also, let for the 2023/2024 academic year with an annual gross income of £24,000.
Current Student tenants in place with a signed AST (assured short-hold tenancy agreement) in place until August 2023.
(bills inclusive)
Please see the link for the auction site...
Auctioneers Additional Comments - Auctioneers Additional Comments.

Pattinson Auction is working in Partnership with Mighty House agents on this online auction sale and is 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 to be 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 procedures 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 it 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 an obligation to use these recommended suppliers or services.