Guide Price £300,000
Fees Apply

Wellesley Street, Stoke-On-Trent ST1 4NF

7 Bed

2 Bath

Guide Price £300,000
Fees Apply

Wellesley Street, Stoke-On-Trent ST1 4NF

7 Bed

2 Bath

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Modernised and licensed 7 bed HMO

Let on a 5 year lease to Beth Homes Organisation Ltd

Great Investment property

Annual Income £36,000 pa (£3,000 pcm)

Wired fire alarm, Intruder alarm, CCTV

For Sale by public auction

For sale by property auction complete with an annual income of £36,000.00 currently let to Beth Homes Organisation Ltd on a 5 year lease from 1st January 2022 at £3,000pcm (£36,000 pa).

For sale by property auction complete with an annual income of £36,000.00 currently let to Beth Homes Organisation Ltd on a 5 year lease from 1st January 2022 at £3,000pcm (£36,000 pa).

The property has not been inspected by the selling agents and auctioneers. The information and photographs have been provided by the seller.

A three storey former doctors surgery that has been renovated, refurbished and converted into a licensed 7 bedroom house, with flat screen TV's installed in the living room, kitchen and all seven bedrooms.

The Tenure is Freehold subject to existing lease in place with Beth Homes Organisation Ltd.

For sale by public auction on Monday 22nd January 2024 at 6.30pm. We also offer remote bidding via internet, telephone or proxy. Please contact the auction team on 0800 090 2200 for further information.

Common Auction Conditions
This property is sold subject to our Common Auction Conditions (a copy is available on request)

Buyers Administration Fee
A buyer’s administration fee of £1000+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 vendor’s 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

Bidding
Please contact our auction department direct on 0800 090 2200 for further information or email auction@bjbmail.com. Further details are available in the catalogue -https://www.buttersjohnbee.com/auctions/auction-catalogues
Addendum
Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue

Guide Price
An indication of the seller’s 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 seller’s 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

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

More Information

Domestic Rates 0.00

Room Descriptions

Accommodation

Ground Floor

Comprising; Entrance hall, two ground floor bedrooms, bathroom, separate WC, living room, kitchen/breakfast room and a utility room.

First Floor

Comprising; three separate bedrooms, bathroom, shower, two separate WC's.

Second Floor

Comprising; two bedrooms, storage room and an airing cupboard/store housing the hot water system.

Exterior

To the rear there is a private courtyard.

Features and Services

All mains services are available subject to any reconnection which may be necessary. We have been advised by the seller that the property benefits from Worcester Bosch 40 CDI boiler, Kingspan Albion Ultrasteel Plus Indirect 300L Unvented Cylinder boiler, HIVE thermostat, Cavity wall insulation installed on 27/03/2014. The house has had ten UPVC windows and two UPVC doors installed by Safestyle.co.uk on 13/03/2014. FENZA approved this installation and has the certification to go with it. The property benefits from having a wired fire alarm system installed and maintained by ADB alarms. This System has smoke detectors, heat detectors, alarm sounders, and call buttons to ensure the safety of the residents and building. Intruder alarm system installed and maintained by ADB alarms . The property has CCTV "colour at night" by Hikvision installed by "Simons Security Systems.

Planning

Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.

Rating

The property is classed as residential and falls under Council Tax Band B according to Stoke-on-Trent City Council.

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