A 3 storey freehold block comprising 11 x bedsit rooms, 1 x common room, 3 x store rooms, 3 x kitchens and 3 x bathrooms. Development potential, vacant.
Addendum:
17/07/2024 - Guide Price reduced to £200,000+ (previously £239,000+)
Description/Location
The property has planning approval for use as a 12 room HMO and was previously licensed by the local authority. Now requiring refurbishment with potential for a variety of uses or conversion to flats subject to any necessary consents. We estimate the HMO rental value at circa £58,000 pa.
Tenure
Freehold
Council Tax: A
Energy Rating: TBC
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Please contact HMO Sales on 0800 002 9017.
Accommodation
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Legal documents
*Guide Price & Reserves
Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.
Property Information
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