For Sale By Auction | 12:00, 19 July 2019 | Lot 88

122 London Road, King's Lynn, Norfolk, PE30 5ES

Sold After

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

Call the team on 01733 889833 for more information

Auction Date

Fri 19/07/2019

Auction Time

12:00

Auction Venue

Caroline Hand Suite Peterborough United Football Ground, ABAX Stadium, London Road, Peterborough, PE2 8AL

Viewing Times:

Fri 28 Jun

13:15-13:45

Fri 5 Jul

13:15-13:45

Fri 12 Jul

13:15-13:45

A superb investment opportunity to purchase this 6 bedroom HMO with shop premises close to Kings Lynn town centre.

This substantial 6 bedroom House of Multiple Occupancy (HMO) with shop is conveniently located near to the town centre and main line railway station with links to Cambridge and London Kings Cross. All 6 rooms have en-suite shower rooms and gas central heating. There is a communal kitchen/ dining room, laundry room and an enclosed courtyard garden. Four of the rooms and the shop are currently let with two rooms currently vacant. The current rent for rooms 1,2 & 3 are £100 per week each and rooms 4,5 & 6 £110 per week each. The shop rents for £672 per calendar month.. The potential income with all 6 rooms and shop let is £40,824 pa (subject to licence).

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

Kings Lynn and West Norfolk Borough Council

Solicitors

Fraser Dawbarns, 29 London Road, Downham Market, PE38 9AS, Ref: Iain Grimes, Tel: 01366 381810

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

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.