Please be advised the permitted number of occupants is 17 and not 16 as stated in the brochure.
A 17 Bedroomed HMO Investment Opportunity currently producing a net income of approximately £43,680 per annum.
A substantial double fronted 3 storey plus basement property which has been converted to provide 17 letting rooms. The property is leased in it's entirety to a prestigious national charity. The lease has recently been extended for a further 18 months to 31st March 2018. The property is fully HMO compliant and benefits from central heating, new roof (2011), large rear garden with vehicular access and front off road parking.
There is potential to increase the number of letting rooms by utilising accommodation currently used for staff and also the possibility of up to 4 rooms in the roof space, subject to planning consent.
All letting rooms have washbasin with hot and cold water. Each floor of the building has it's own dedicated electrical distribution board.
Sutton Kersh - Auctions
2 Cotton Street,
Liverpool,
L3 7DY
t. 0151 207 6315
f. 0151 207 6316
auctions@suttonkersh.co.uk
We are following Government Guidelines to allow viewings to take place on vacant lots. Where possible, we will upload 360° tours or video tours and internal pictures of lots on our website and we advise that you view these before booking a viewing. We would respectfully remind all parties that strict social distancing will be applied to viewings and facemasks must be worn. You will be allocated a strict 10-minute slot, must attend alone, and wear a facemask. We do ask for your patience, it may not always be possible to accommodate everyone, but we assure you our team is working hard to keep the property market open.
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.
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.
A successful purchaser will also be required to pay a Buyer’s Administration Charge of 1.2% of the purchase price subject to a minimum fee of £1,800 including VAT (unless stated otherwise within the property description in the catalogue) by debit card or bank transfer.
You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees)