Seven Ensuites Rooms And Freehold

Property: 10 bed HMO all with ensuites and is a terraced house with 2,500 square feet of approx. living space. On Offer: Majority ownership i.e. the freehold, the management company and 7 of the 10 rooms MISC: The 3 remaining rooms are owned by other investors and 2 of them are let with the management company Income: Auctionhouse are informed that the 7 ensuite rooms that are for sale, generate approx £40,000 per year in rent Management: As the majority owner of the property, you run the management company that is in place. There is potentially an opportunity to acquire the last 3 remaining rooms subject to terms and Conditions. Ownership/Title: Each room for sale has their own title, apart from rooms 4,5 & 10 which are on a separate title together with the freehold. The 7 other En-suite rooms all have separate title numbers and the actual room numbers for sale are 1 and 2 and then 4,5 and 10 (on same title with the freehold) and lastly rooms 8 and 9. (see floor plan for details). The freehold includes all of the communal areas and therefore the controlling interest of the property. The management company is also included in the sales price and manages the whole property, including 2 of the other rooms and charges 10% of rental income plus £500 per quarter, which is a contribution towards the management of the property. The last remaining room is currently empty but may be open to the same deal as the others. The annual rental income for the rooms for sale are approx. 40k-45k a year and collects an ADDITIONAL 15k-17.5k a year for the 3 remaining rooms (providing that all of them are occupied). Description: This stunning and refurbished HMO is being offered for medium to long term accommodation and located close to Southport Town Centre. These fully furnished ensuite rooms are available from £95 per week and up to £130 per week and comprises of new TV's (in some rooms), comfy beds and comes with Wi-Fi. All bills are included. The property has been fully modernised to provide outstanding & well-planned accommodation offering versatile living space. There is parking at the front and rear. Ideal for professionals only. Tenure: Freehold Title number: MS132486 Council Tax Band: D Sefton Council Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Freehold

Rooms

En-suite, furnished, comfy memory foam mattress bed and some have brand new TV'S.

Entrance Hall

Accessed from the ground floor, solid wood flooring

Lounge

Communal lounge

Basement

Utility room with Washing machine and tumble drier

Kitchen

The beautifully designed large kitchen with fitted appliances with a range of wall and base units, Integrated appliances including electric ovens, extractor hood over, fridges, freezers and microwaves. This property benefits from private paved terrace areas.

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. 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. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Sefton Council

Solicitors

VC Law, Ref: VC Law, Tel: 0151 318 7502

Additional Fees

Administration Charge - 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

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