This substantial end terrace has been run as a multi-let for a number of years and has recently been improved to a good standard. The current owner has spent over £25,000 to prepare the property for a future HMO licence application. A licence has not been applied for but the new owner may wish to get one so that all 5+ rooms can be rented and a higher income generated. The property currently generates £10,740 per annum with 3 rooms let and a fourth room has an application going through via a local letting agent. This would increase the income to £14,280 per annum. There are large cellars which have their own separate access which buyers may consider developing subject to the necessary planning permissions. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Tenure

Freehold

Lower ground Floor

Three store rooms.

Ground Floor

Hallway, communal lounge and dining kitchen.

First Floor

Landing, three bedrooms and bathroom.

Second Floor

Landing, two bedrooms and store.

Charges & Payments

In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 inc VAT. Disbursements: Any additional disbursements payable by the purchaser are yet to be confirmed by the vendors solicitor. For more details please see the legal pack.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Bradford Metropolitan District Council

Additional Fees

Administration Charge - See above

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