Unsold, please refer to the auctioneer

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6 week completion

A completely refurbished 6 double bedroom HMO (1001 sq ft, source EPC) let on AST. Currently the property produces rent equivalent to £30,900 pa (4 rooms) increasing to £45,900 pa+ at full occupancy.

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Description/Location

Ideally situated within 0.3 miles of Surrey Quays station and 0.6 miles of Canada Water tube, the property is an excellent base for the city. The property was stripped back to brick and completely refurbished in 2020. We refer bidders to the legal pack for a schedule of tenancies and the HMO licence.

Tenure

Leasehold - 125 years from 18/02/1991

Local Authority

Office Contact

Please contact Elliott Network Auctions on 01923 240420

Accommodation

Ground Floor; Entrance hall, cloakroom / wc, large kitchen / dining room, 2 bedrooms. First Floor: Landing, 4 bedrooms, 2 bathrooms, balcony. Outside: Communal gardens.

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*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.