About this property

Addendum To Printed Catalogue

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.

Listed By

Sutton Kersh - Auctions
2 Cotton Street,
Liverpool,
L3 7DY

t. 0151 207 6315
f. 0151 207 6316
auctions@suttonkersh.co.uk

Full Description

Situated

Situated between Edge Lane and Prescot Road (A57), in an established residential location within close proximity to all local amenities, excellent transport links and approximately 2.5 miles to city centre and Universities.

Basement

2 Kitchens, Staff Bedroom with En-suite Shower and WC, Lounge/Dining Room with French doors to Rear Garden, Laundry room, W.C, Tank room.

Ground Floor

Main entrance, Vestibule, Hallway, Office and storeroom, Lounge/Snooker Room, 3 letting rooms, Shower room & W.C, Separate W/C, Access to Rear Garden.

First Floor

7 Lettings Rooms, Shower/W.C, Separate W.C

Second Floor

6 Letting Rooms, 2 Bathrooms/WC's, Utility Room

Outside

Communal Gardens, Parking to the Front.

GUIDE PRICES & RESERVE PRICES

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 Price
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.

Photos
Map

14 Lister Road, Kensington, Liverpool

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* 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 Price

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.

Buyer's Fee

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.

Legal Packs

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)

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