House of Multiple Occupation
A substantial terraced property comprising a five bedroom HMO which is fully licenced for 6 occupants within this Article 4 area. The property produces £36,180 per annum when fully let. At present 3 of the rooms are let subject to AST's with the other 2 rooms having just become vacant. All rooms are En-Suite and the building has been well maintained and is in very good order throughout and is equipped with an Inspire Heating System with remote / app access giving a Landlord an element of control over usage. The accommodation comprises room one/en-suite & room two/en-suite, kitchen/diner & utility area on the ground floor. The first floor provides two more en-suite rooms as well as a fifth unit configured as a one bedroom self contained duplex apartment comprising a living area / kitchenette with a bedroom and ensuite on the second floor. Outside there is a low maintenance paved garden area.
Entrance Hall,<br>Room One / En-Suite,<br>Room Two / En-Suite,<br>Kitchen / Diner, <br>Utility Area
Room Three / En-Suite,<br>Room Four / En-Suite, <br>Self Contianed Apartment - Living Room, Kitchenette
Bedroom / En-Suite
Room One: £575 pcm<br>Room Two: £595 pcm<br>Room Three: £575 pcm<br>Room Four: Vacant (£575 pcm)<br>Self Contained Apartment : Vacant (£695 pcm)<br><br>TOTAL £20,940 per annum / £1,745 pcm - currentely <br> <br> (£36,180per annum / £3,015 pcm - when fully let)
Auction Details
The sale of this property will take place on the stated date by way of Multi lot timed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 1.8% of the purchase price (subject to a minimum of £3,000 inc. VAT)
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
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.
