SOLD STC
Fantastic HMO opportunity
Tenants in Situ
Ready made income
Four rooms
Communal living room
Kitchen
Bathroom
Close to Cauldon College
COMPLETE WITH TENANTS IN SITU. For sale by Public Auction on 14th June 2021, online only. Fantastic investment HMO opportunity.
COMPLETE WITH TENANTS IN SITU. A Fantastic investment opportunity. HMO property for sale by Public Auction on 14th June 2021 Bidding is On-line or by proxy. This is a very nicely presented property that at the time of instruction currently has FOUR tenants in situ and FOUR rooms. With an annual gross income of over £14,820 and a potential annual gross yield of OVER 15% this just has to be a great opportunity for any investor. The current tenants have a rolling AST and two have 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
HMO investment property with one ground floor bedroom/reception room. One Communal living room. Kitchen. Ground floor bathroom. Three first floor bedrooms.
Ground Floor
Entrance Hall
Composite entrance door into the hallway. Wood effect laminate flooring. Radiator and Coving to the ceiling.
Communal Living Room
3.681 x 3.451
Under stair store area. Wood effect Laminate Flooring. Radiator. Upvc window to the rear. Radiator.
Kitchen
3.497 x 2.001
Fitted units to eye and base level. Integral oven/grill. Four ring electric hob with extractor above. Space for the fridge freezer and washing machine. 1 1/2 stainless steel sink set into work surfaces. Tiled splash backs. Tiled floor. Wall mounted gas fired boiler. Upvc window to the side.
Rear Lobby
Wooden door to the side and rear access. Wooden door to the shared side access.
Bathroom
2.286 x 1.554
Fitted with a panel bath with a shower over. Aqua panel splash backs. Pedestal wash hand basin. Close coupled WC. Tiled floor. Radiator. Upvc window to the side.
Ground floor Room one
3.214 x 2.635
Upvc window to the front. Coving to the ceiling. Radiator.
First Floor
Landing
Coving to the ceiling. Access to first floor rooms.
Room two
3.197 x 2.103
Upvc window to the front. Coving to the ceiling. Radiator.
Room three
3.901 x 2.529
This room has not been inspected by the auctioneer.
Room four
3.129 x 2.397
Upvc window to the front. Coving to the ceiling. Radiator. Access to the loft space.
Exterior
To the rear there is a walled courtyard.
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 £960 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, alternatively: This property could be listed on our viewing schedule which can be found in the auction catalogue or on our web site.
Bidding
This is an online only sale, pre-registration is required 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.