Property description
A Freehold Investment Opportunity currently producing in excess of �52,000 per annum.
The property comprises of a substantial Victorian three storey middle terrace plus basement property which has been converted to provide 10 letting rooms and is currently fully let to 10 students until August 2015. There is potential to provide 2/3 further letting rooms in the basement (making the annual rental in excess of �62,000), subject to any necessary consents. There are communal kitchens and bathrooms on each floor.
The property is fully HMO compliant and is in good order throughout benefitting from central heating, fire alarms, fire doors and a secure intercom system.
GUIDE PRICES & RESERVE PRICESGuide PriceAn 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 PriceThe 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.
Property Features :
- SUTTON KERSH ARE PLEASED TO OFFER FOR SALE BY PUBLIC AUCTION ON : 12-FEB-2015
- LOT NUMBER : 74
- Residential Investment