We are delighted to bring to the market this six bedroom four story town house, located in a popular area of Lancaster which is let via Lancaster University and has just had a 5 year renewal on their student accommodation licence.
Currently the tenants pay £115 pw based on a 48 week contract x 6 Students.
There is an agreement in place for the HMO to be for 7 people, and the it is envisaged that rent could be increased to £125 pw based on a 48 week contract x 7 students.
Current Rental Income £33,120.
Potential Rental Income £42,000.
The property is comprised over four levels, to the ground floor you will find a good size lounge, dining room and a fitted kitchen. To the basement you will find two good size double bedrooms and a shower room.
The first floor has another two double bedrooms and a family bathroom. To the second floor are another two double bedrooms.
To the rear is a compact garden area with gated access.
Viewing is highly recommended.
Council Tax Information: Band C
