Property description
A HMO Mixed Use Investment property currently producing £54,000 per annum.
A pair of three storey terraced properties comprising of a ground floor retail unit which is currently let by way of a 5 year lease from September 2013 to Walton Flooring for a rental of £14,400 per annum. The upper floors are currently let as a 12 Bed HMO to Professional Tenant's on separate Assured Shorthold Tenancies at a rental of £39,600 per annum.
The property is fully HMO compliant and has been newly renovated to include new kitchens, Bathrooms, Flooring and boilers.
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 : 31-MAR-2016
- LOT NUMBER : 45
- A HMO MIXED USE INVESTMENT PRODUCING £54,000 PER ANNUM.
- Commercial Investment