Terraced House
An excellent opportunity to acquire to a fully licensed five bedroomed, three storey, HMO property, currently producing a gross income of £25,917.84 per annum. This represents an impressive 14.3% return based on the attractive guide price.
The appealing town house has the benefit of uPVC double glazing, gas central heating and in brief comprises entrance hall with guest wc, bedroom one and a fitted dining kitchen with built-in-appliances. To the first floor the landing leads to bedroom two with en-suite shower room and bedroom three. The second floor landing provides further access onto bedrooms four and five. Please note there is a smaller separate bedroom that potentially could be converted to a regulated size bedroom for rental purposes subject to obtaining the usual building and planning regulations. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding. Outside to the front there is parking for two vehicles and to the rear an enclosed garden.
The property occupies a popular and convenient cul-de-sac location with a good range of amenities all within easy reach.
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.
