Withdrawn

Freehold investment comprising a 5 room HMO (1323 sq ft, source EPC) and a self contained 1 bedroom flat (495 sq ft, cource EPC). The HMO is vacant and ready for occupation, the flat is let on an AST. At full occupancy the ERV is £29,400 PA.

Description/Location

The house (11) was granted a certificate of lawfulness for change of use from a dwelling to a 5 room HMO on 04/02/2021, it is refurbished and is ready for occupation. We estimate the rental value of the rooms at £400 pcm each equivalent to £24,000 pa. The flat (11a) is let on an AST at £276 pcm, we estimate the current rental value is £450 - 475 pcm. An ideal opportunity for HMO and Serviced Accommodation operators.

Tenure

Freehold.
Energy Ratings: 11 D. 11a F.

Viewing

Please contact Elliott Network Auctions on 01923 240420

Accommodation

11 - Ground Floor: Entrance hall, 2 double rooms (1 with en-suite wc), kitchen, lobby, cloakroom / wc. 11 - First Floor: Landing, 3 double bedrooms (1 with en-suite wc), bathroom. 11a - Flat Self contained 1 bedroom flat. Outside: Rear garden.

Rent

ERV: £29,400 pa

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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.