SOLD STC
Fantastic HMO
Tenant in Situ
Great income earner
Four accommodation rooms
Communal living room
Kitchen
Bathroom
Potential annual income £15,000
Potential annual yield over 16%
Close to City center
Fantastic investment opportunity HMO property for sale by Auction on 09/11/2020 On-line, proxy or telephone bids.
Fantastic investment opportunity HMO property for sale by Auction on 09/11/2020 On-line, proxy or telephone bids. This is a very nicely presented property that already has one tenant in situ and room for FOUR in total. With a potential annual gross income of over £15,000 and a potential annual gross yield of over 16% this just has to be a great opportunity for any investor. The current tenant has a rolling AST and has been resident since 2018. The property comprises; an entrance hall, communal living room, kitchen, ground floor bathroom, ground floor accommodation room. On the first floor there are three further accommodation rooms.
Disclaimer
Butters John Bee Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering purchasing your property in order to rent, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
Butters John Bee Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
Location
Room Descriptions
Accommodation
Ground Floor
Entrance Hall
This property has a separate entrance hall which enables the property to use the first ground reception room as an accommodation room. Enter through a Upvc entrance door. Radiator. Stairs to the first floor.
Living Area
3.98 x 3.40
Wood effect laminate floor. Upvc window to the rear. Radiator.
Kitchen
3.85 x 2.24
Fitted with wall and base kitchen units. Space for slot in appliances such as a cooker, washing machine and a fridge freezer. Stainless steel cooker extractor. Stainless steel sink set into work surfaces. Upvc window to the side. Wall mounted gas fired boiler. Radiator.
Rear Hall
Door to the side.
Bathroom
2.70 x 2.17
Fitted with a panel bath with a shower hose over. Pedestal wash hand basin. Close coupled WC. Radiator. Upvc window to the side.
Accommodation Room 1
3.64 x 3.28
Upvc window to the front. Radiator.
First Floor
Accommodation Room 2
3.92 x 2.26
Upvc window to the rear. Radiator.
Accommodation Room 3
4.05 x 2.68
Upvc window to the rear. Radiator.
Accommodation Room 4
4.40 x 3.64
Upvc window to the front. Radiator.
Common Auction Conditions
This property is sold subject to our Common Auction Conditions (a copy is available on request).
Buyers Administration Fee
A buyers administration fee of £840 including VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date.
Legal Pack
Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website www.buttersjohnbee.com. Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendors solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them
Viewings
To view this lot, please contact the selling office.
Internet, Telephone & Proxy Bidding
Interested in this lot but can’t attend the auction? You can bid by internet, telephone or by proxy, by pre-registering with our auction department on 0800 090 2200 or email auction@bjbmail.com. Further details are available in the catalogue.
Addendum
Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue.
Guide Price
An indication of the sellers current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve
The sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Proof of Identity
To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee. Where a property is due to go to auction, all bidders will be required to register prior to auction.