For Sale9 Bedroom House in St. Catherines, Lincoln, Lincolnshire, LN5£490,000

FULLY LET INVESTMENT WITH DEVELOPMENT OPPORTUNITIES! Fully licenced nine bedroom HMO property with a monthly income of £4,807pcm / £57,684 annually and offers a yield of 12% with development opportunity and a potential for a higher income. The ground floor comprises two new kitchens, utility room, lounge, storage room, shower room, W/C, two large bedrooms both benefitting from built-in wardrobes and one further benefitting from an en-suite. To the first floor there are six bedrooms all boasting built-in wardrobes and three benefitting from en-suites. There is a potential to add more en-suites. There is a communal shower room and a W/C. To the second floor there is a large room which has built-in wardrobes and an en-suite. The property offers ample parking, bike storage and gardens. AGENTS NOTE - two new kitchens have been installed, a new fire alarm system has been installed, planning for five luxury apartments are available.