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" An investment opportunity comprising a freehold, semi detached, three bedroomed house let to a Protected Regulated Tenant under The Rent Act 1977 and producing a gross income of ?3,480 per annum.

The property comprises a semi detached, three bedroomed house situated within the Winthorpe Conservation Area. The property is let to Mr & Mrs Anderson, Statutory Protected Regulated Tenants and the rent is registered. The property is let to produce a gross annual income of ?3,480.
The accommodation briefly provides on the ground floor:- entrance hall; lounge; kitchen and bathroom.; First floor:- three bedrooms. Outside:- garage and garden. The village of Winthorpe is situated just three miles north of Newark. The village is a mile or so from access points to the A1 and A46. The village is ideally placed for commuting to Newark, Lincoln and Nottingham. Village amenities include an excellent primary school and a community centre with sports facilities and tennis courts. The property is set well back from Gainsborough Road which is a village street and a no through road leading down to All Saints' Church and the village Conservation Area. A personal gate from the rear garden provides direct access to the playing fields and tennis courts.
The nearby market town of Newark provides excellent shopping facilities with a Waitrose store, Morrisons, Marks and Spencer and many niche shops within the Georgian market square and town centre areas. There is a rail service to Lincoln and Nottingham. Main East Coast railway trains are capable of journey times between Newark Northgate and London King's Cross in just over 75 minutes.
The property provides the following accommodation:- GROUND FLOOR ENTRANCE HALL With staircase. LOUNGE 3.94m(12'11'') x 3.91m(12'10'') KITCHEN 5.18m(17'0'') x 3.12m(10'3'') BATHROOM With bath, basin and low suite WC. FIRST FLOOR BEDROOM 1 3.91m(12'10'') x 2.44m(8'0'') With archway to the interconnecting Bedroom 2. BEDROOM 2 3.66m(12'0'') x 2.90m(9'6'') BEDROOM 3 2.59m(8'6'') x 3.61m(11'10'') OUTSIDE Garden
Asbestos clad garage. SERVICES Mains water, electricity, gas and drainage are all connected to the property. TENURE The property is let to Mr & Mrs Anderson who are Statutory Regulated Tenants under The Rent Act 1977 as amended by The Housing Act 1980.
The registered rent is ?290 per calendar month. POSSESSION The property is sold subject to the existing tenancy. VIEWING Strictly by appointment with the selling agents. ENERGY PERFORMANCE Services: None of the services, fittings or appliances (if any), heating installations, plumbing or electrical systems have been tested and no warranty is given as to their working ability.
Nothing herein contained shall be a warranty or condition and neither the Vendor nor ourselves will be liable to the Purchaser in respect of any mis-statement or misrepresentation made at or before the date hereof by the Vendor, his servants or agents or otherwise.
If you are thinking of selling and would like a free market appraisal the please call our office now on 01636 611811.
For an RICS Homebuyers Report & Valuation and other services from our Commercial & Survey Department please call 01636 550804.
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