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