House of Multiple Occupation
DRAFT DETAILS
A superb investment opportunity offering a handsome and substantial villa with accommodation arranged over three floors.
Arranged as a six bedroom HMO which is offered fully let at approximately £41,000 per annum (see tenancy agreements within legal pack) and a gross yield of 8.5%.
The property is in excellent order and under went a refurbishment in 2020 to include new kitchen, bathrooms, heating, wiring and windows along with flooring and decor.
Situated in a highly popular and convenient location. Plenty of local amenities and good access to Woolwich Arsenal DLR and Plumstead rail station. Also within easy reach are Woolwich, Plumstead and Greenwich.
Please refer to issues identified within environmental search and regulated local authority search within legal pack. Prospective buyers are advised to make all necessary enquiries before placing their bid, as this will be binding.
Reception Hallway
Communal Kitchen
Bedroom One- Let at £600 per calendar month
Bedroom Two - Let at £550 per calendar month
Landing
Bedroom Three- Let at £550 per calendar month
Bedroom Four - Let at £550 per calendar month
Shower Room
Landing
Bedroom Five - Let at £575 per calendar month
Bedroom Six - Let at £550 per calendar month
The property has a pleasant rear garden with small patio and lawns.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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