Property description
An Investment Opportunity currently producing in excess of £24,960 per annum to include all the services. The property comprises of a pair of three storey terraced properties converted to provide 10 letting rooms, 2 of which are vacant. When fully let the potential income is £31,200 per annum.
71a Borough Road is fully HMO compliant and licensed.
75a Borough Road has the potential for an HMO Investment with the use of a further letting room. The property benefits from majority double glazing and central heating.
We are advised that all the tenants are male, over 35 and long term.
GUIDE PRICES & RESERVE PRICESGuide PriceAn 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 PriceThe 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.
Property Features :
- SUTTON KERSH ARE PLEASED TO OFFER FOR SALE BY PUBLIC AUCTION ON : 16-JUL-2015
- LOT NUMBER : 95
- TWO X THREE STOREY PROPERTIES PROVIDING 10 LETTINGS ROOMS WITH AN INCOME OF OVER £32,000 PER ANNUM
- Residential Investment