For Sale By Auction | 2:30pm, 28 February 2019 | Lot 23

27 Grafton Road, Bedford, Bedfordshire, MK40 1DH

*Guide | £200,000+ (plus fees)

  • House of Multiple Occupation
  • 6 Bedrooms
  • Tenure: Freehold

Call the team on 01234 362899 for more information

Auction Date

Thu 28/02/2019

Auction Time

2:30pm

Auction Venue

The Hilton Hotel, Timbold Drive, Milton Keynes, Buckinghamshire, MK7 6HL

Viewing Times:

Thu 14 Feb

16:15 - 16:45

Sat 16 Feb

12:15 - 12:45

Wed 20 Feb

16:15 - 16:45

Victorian style terraced property has been utilised by it's current owners as a four bedroom HMO and two flats each with 1 bedroom.

A substantial and well presented terraced property which has been converted into a house of multiple occupancy (HMO) offering four lettable rooms and two one bedroom flats. The property is being sold with vacant possession but when previously let the combined annual income was in excess of £30,000 per annum. The property is centrally located, within walking distance of both the town centre and the mainline railway station.

Tenure

Freehold

Ground Floor Accommodation:

Storm porch, entrance hall with access to basement storage area, bedroom 2 with kitchen area, bedroom 3 with kitchen area, shower room. Flat 1 is accessed from the rear of the property and comprises, sitting room/bedroom, kitchen and shower room.

First Floor Accommodation:

Landing with access to loft, bedroom 4 with kitchen area, bedroom 5 and flat 6 comprising of sitting room/bedroom, kitchen/diner and bathroom.

Basement:

A sizable basement with light and power providing ample storage.

Outside:

To the front is a small walled garden with gated side entrance leads through to an enclosed low maintenance courtyard garden.

Previous Rental Income:

Flat 1 £495.00 pcm (inclusive of electricity) Room 2 £75.00 pw + £15.00 pw electricity Room 3 £75.00 pw + £15.00 pw electricity Room 4 £80.00 pw + £15.00 pw electricity Room 5 £75.00 pw + £15.00 pw electricity Flat 6 £500.00 pcm (inclusive of electricity) Total income when fully let - £30,920

Open House Viewings:

Thu 14 Feb: 16:15 - 16:45 Sat 16 Feb: 12:15 - 12:45 Wed 20 Feb: 16:15 - 16:45

Energy Efficiency Rating (EPC)

Current Rating E

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Bedford Borough Council - 01234 267422

Solicitors

Woodfines Solicitors, 16 St Cuthberts Street, Bedford, Bedfordshire MK40 3JG, Ref: Michael Roche - mroche@woodfines.co.uk, Tel: 01234 270600

Additional Fees

Buyer's Premium - There is no Buyer's Premium payable on this lot.

Administration Charge - Purchasers will be required to pay an administration fee of £900 incl. VAT.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.