*Guide | £375,000+ (plus fees)
- Block of Apartments
- 5 Bedrooms
- Tenure: Leasehold. The property is held on a 1089 year lease from 9th November 2004 (thus approximately 1068 years unexpired).
Call the team on 020 7625 9007 for more information
A First and Second Floor Five Bedroom Licensed HMO Fully Let Producing £41,400 Per Annum (Reflecting a Gross Initial Yield of 11%).
The property comprises a first and second floor five bedroom HMO situated within a mid terrace building arranged over ground and two upper floors.
Tenure
Leasehold. The property is held on a 1089 year lease from 9th November 2004 (thus approximately 1068 years unexpired).
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Parkfield Open Space are within easy reach. Transport links are provided by Potters Bar rail station.
Accommodation
First Floor Reception Room Kitchen Letting Room Second Floor Four Letting Rooms Bathroom Shower Room
Tenancy
The property is subject to individual tenancies at a combined rent of £41,400 per annum. The vendor is in the process of increasing the rent to £43,200 per annum (resulting in a Gross Yield of 11.5%)
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
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 - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
