For Sale By Auction | 12:00, 25 October 2018 | Lot 126

153-155 Lincoln Road, Peterborough, Cambridgeshire, PE1 2PW

*Guide | £750,000+ (plus fees)

  • Terraced House
  • 25 Bedrooms
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Auction Date

Thu 25/10/2018

Auction Time

12:00

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

A Pair of Mid Terrace Buildings Arranged as a Twenty-Five Bedroom Licenced HMO. Offered with Vacant Possession. ERV Fully Let Circa £150,000 per annum

The property comprises a 25 bedroom HMO within a pair of adjacent mid terrace buildings arranged over ground and two upper floors. The property requires a program of refurbishment but is a fully licenced HMO (valid until February 2022).

Tenure

Freehold

Location

The property is situated on a mixed use road close to local shops and amenities and less than a mile from the city centre. The open spaces of Central Park are a short walk away. Transport links are provided by Peterborough rail station.

Accommodation

Ground Floor Six Self-Contained Studio Flats Five Studio Rooms with Kitchenette Communal WC First Floor Six Self-Contained Studio Flats with Bathroom & wash basin Three Studio Rooms with Kitchenette Two Bathrooms Two WCs Second Floor Three Self-Contained Studio Flats Two Studio Rooms with Kitchenette

Exterior

The property benefits from a large car park to the rear

The property has not been inspected by Auction House London. All information has been supplied by the vendor who advises that the property was previously let at £128,960 pa with an ERV circa £150,000 pa after refurbishment.

Viewing Details

Open House Viewings: Wednesday 10th October 11:00-11:45 Friday 12th October 11:00-11:45 Tuesday 16th October 11:00-11:45 Thursday 18th October 11:00-11:45 Tuesday 23rd October 11:00-11:45 Tuesday 30th October 16:30-17:15

Services

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

Additional Fees

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

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