An End of Terrace Building Arranged to Provide 2 x Five Bedroom HMOs Part Let Producing £141,937.92 Per Annum (Reflecting a Gross Initial Yield of 7.8%)

The property comprises an end of terrace building arranged to provide 2 x five bedroom HMOs arranged over ground and two upper floors.

Tenure

Freehold

By Order of the LPA Receivers

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Watermans Park are within easy reach. Transport links are provided by South Ealing underground station (Piccadilly line) and Kew Bridge rail station.

Accommodation

Both 25a and 25b Clayponds Consist Of Ground Floor Studio Room with Kitchenette and En-Suite Communal Reception Room First Floor Two Studio Rooms Each with Kitchenette and En-Suite Second Floor Two Studio Rooms Each with Kitchenette and En-Suite Total G.I.A. of Studio Rooms Approximately 101 sq m

Exterior

The property benefits from off street parking. The ground floor flats benefit from private rear gardens,.

Tenancy

Nine of the ten studio rooms are subject to individual tenancies producing a combined £141,937.92 per annum. One vacant. Please refer to the legal pack for a full tenancy schedule.

We understand from the sellers that there may be arrears on some of the individual tenancies. Please refer to the legal pack for further information.

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 £1,500 inc VAT

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