For Sale By Auction | 11:00, 05 June 2019 | Lot 4

17 St Mary's Square, Newmarket, Suffolk, CB8 0HZ

*Guide | £260,000 - £300,000 (plus fees)

  • Town House
  • 6 Bedrooms
  • Tenure: Freehold

Call the team on 01473 558 888 for more information

Auction Date

Wed 05/06/2019

Auction Time

11:00

Auction Venue

The Sunningdale Suite Dunston Hall Hotel, Ipswich Road, Norwich, NR14 8PQ

Viewing Times:

Tue 21 May

14:00-14:45

Thu 30 May

12:00-12:45

A substantial 6 letting room HMO producing a high yield

A substantial 3 storey townhouse extending to some 1,900 sq ft (including basement) situated in the very heart of town and convenient for all local amenities. ThIs refurbished property is configured as a six letting room (2 en-suite) HMO (House of Multiple Occupancy) with a fitted kitchen/living room, gas central heating and an enclosed courtyard rear garden. Five of the rooms are currently let producing an income of £2,490 PCM (£29,880 PA) with potential for over £35,500 PA when fully let. With the current income equating to nearly 11% of the low Guide Price we believe this to be a first class investment opportunity. Tenancy Details: Room 1 - AST from 27-07-18 @ £475 PCM Room 2 - AST from 27-07-18 @ £550 PCM Room 3 - AST from 2-07-18 @ £550 PCM Room 4 - Short Term Let 25-02-19 to 14-04-19 @ £475 PCM Room 5 - Vacant Room 6 - AST from 08-08-18 @ £440 PCM

Tenure

Freehold

Energy Efficiency Rating (EPC)

Current Rating D

Services

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

Local Authority

Mid Suffolk District Council

Solicitors

D & S Legal, FF10, Heybridge Business Centre, 110 The Causeway, Maldon, CM9 4ND, Ref: Dean Alexander, Tel: 01621 710212

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £900 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.