St Catherines, Lincoln, LN5 8LR

Introducing this substantial and versatile 9-bedroom House in Multiple Occupation (HMO), extending to approximately 280 sq. m.

Designed to provide high-quality shared accommodation, this impressive investment opportunity features nine generously proportioned bedrooms, with five exceeding 24 sq. m. in size. Five bedrooms benefit from their own en-suite facilities, while the property offers a total of eight WCs, ensuring excellent convenience for residents.

The accommodation is further enhanced by two communal shower rooms, two well-equipped kitchens, and a spacious communal lounge, creating a practical and comfortable living environment.

Externally, the property provides off-road parking for approximately four to five vehicles.

The property is fully tenanted, generating an established rental income, with comprehensive tenancy and rental information available to genuinely interested purchasers upon request.

This is a rare opportunity to acquire a high-yielding, income-producing HMO of significant size and quality. **Early viewing is highly recommended.**

Property Description: Being Sold by GOTO Online Auction

Starting Bids from £400,000

Buy it now option available

Please call or visit Keller Williams Online for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been received by the buyer’s solicitor or 10 working days after receipt of the buyer’s premium, whichever is earlier Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department. Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.

To book a viewing visit Keller Williams.

General Information: Auctioneer's Comments This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.

Buyer Fees

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of 3.6% of the purchase price plus VAT (this is subject to a minimum amount of £6,600 including VAT) and a Legal Pack fee of £396.00 including VAT. This secures the transaction and takes the property off the market.

Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

Material information: The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

Key Features:

Buy-it-Now option available Being Sold by GOTO Online Auction Buyer’s fees apply