For Sale By Auction | 11:00, 24 July 2024 | Lot 91

12 Bridge Road, Sutton Bridge, Spalding, Lincolnshire PE12 9UA

*Guide | £250,000 - £280,000 (plus fees)

  • House of Multiple Occupation
  • Tenure: Freehold

Call the team on 01553 777 773 for more information

Auction Date

Wed 24/07/2024

Auction Time

11:00

Auction Venue

Livestream Auction

An eleven bedroom licensed HMO (house of multiple occupancy) currently producing £47,320 per annum ( £910 per week)

This licenced House of Multiple Occupancy (HMO) which currently produces £47,320 per annum (£910 per week) is located in the village of Sutton Bridge. The property is split over four levels, with the accommodation briefly comprising eleven bedrooms (all having a hand basin), a communal living room and laundry area, two kitchens and two bathrooms. Outside there is a lawn and paved patio area. Sutton Bridge is a small market town off the A17, with access to the larger towns of King's Lynn and Spalding. There are local shopping facilities and restaurants in the village.

Tenure

Freehold

Accommodation

Eleven bedrooms, communal living area, two kitchens, two bathrooms and communal laundry room

Outside

Lawn and patio area to rear

Council Tax band

B

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

South Holland District Council

Solicitors

Mossop and Bowser (Long Sutton), Ref: Sarah Doncaster, Tel: 01406363212

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Buyer's Premium - £1200 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

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