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Sold Prior | Lot 9

3-5 Prebend Street, Bedford, Bedfordshire, MK40 1QN

Sold Prior

  • Block of Apartments
  • 13 Bedrooms
  • Tenure: Freehold

Call the team on 01234 362899 for more information

Auction Date

Thu 04/08/2022

Auction Time

2:30pm

Auction Venue

Delta Marriott Hotel Timbold Drive, Milton Keynes, Buckinghamshire, MK7 6HL

Viewing Times:

Wed 20 Jul

11:30 - 12:15

Sat 23 Jul

12:00 - 12:45

Thu 28 Jul

11:30 - 12:15

A substantial property currently utilised as a House of Multiple Occupancy with 11 rooms and 2 studio flats.

This substantial end of terrace double fronted property was originally two properties which has been converted into an HMO with two ground floor self contained studio flats and eleven further letting rooms each with their own kitchen area and there are three bathrooms. To the rear of the property is a walled garden which has been paved with a lawn area with access from the side. The property is located only 0.4 miles from Bedford town centre and railway station and has been well maintained to the standards currently required for HMO properties and has been fully licensed by the current owner. The property rental achieved at present occupation is approximately £34,840 and when fully let, at the present rates, would produce an annual income of approximately £45,240 with the tenants paying for electricity as each flat and room have their own electricity meter. At present four rooms are are empty as some have undergone refurbishment. Some of the tenants have rented from the current owner for a number of years and the rents have not been increased accordingly.

Tenure

Freehold

Accommodation:

Two self contained studio apartments and eleven letting rooms.

Rental Income:

Ground Floor: Flat 1: £70 per week Flat 2: £70 per week Room 1: Empty Room 2: £65 per week Room 3: £65 per week Room 4: £65 per week First Floor: Room 5: £70 per week Room 6: Empty Room 7: £65 per week Second Floor: Room 8: £70 per week Room 9: Empty Room 10: £65 per week Room 11 £65 per week Total Current Income: £34,840 per annum. Total Fully Let Income (Approx.): £45,240 per annum.

Council Tax Band:

B

Open House Viewings:

Wed 20 Jul: 11:30 - 12:15 Sat 23 Jul: 12:00 - 12:45 Thu 28 Jul: 11:30 - 12:15 These are open house viewings, you do not need to make an appointment you can simply attend between the above times.

Energy Efficiency Rating (EPC)

Current Rating E, E, G

Services

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

Local Authority

Bedford Borough Council - 01234 267422

Solicitors

Shakespeare Martineau, 1 Colmore Square, Birmingham B4 6AA, Ref: Simon Hayden - simon.hayden@shma.co.uk, Tel: 0121 214 0000

Additional Fees

Buyer's Premium - There is no Buyer's Premium payable on this lot.

Administration Charge - Purchasers will be required to pay an administration fee of £1,200 incl. VAT.

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