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+++ FULL LICENSED HOUSE OF MULTIPLE OCCUPATION with a HOUSE MANAGER IN PLACE in a ideal CENTRAL LOCATION offering an ATTRACTIVE RETURN ON INVESTMENT with accounts being available to any interested party +++
The house is currently let to capacity bringing in a substantial income, also in place is a house manager who looks after the day to day running of the block. All rooms benefit from en-suite facilities along with a communal kitchen and rear courtyard and parking to side of the property.
The accommodation itself briefly comprises of three bedrooms and a communal kitchen to the ground floor, Five further bedrooms to the first floor and to the top floor are three bedrooms. As mentioned the property has a car port to the side and a courtyard to the rear and all mains services are connected.
The property when fully let the landlords have informed us bring in approx. £40,040 per annum and accounts are available to any interested party after viewing and can be arranged through our office on 01723 352235.
This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer’s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by the East Yorkshire Property Auction powered by iam-sold Ltd.
Unable to gain access for measurements.
Unable to gain access for measurements
To the side of the property is a car port for off road parking and to the rear is a concrete secure yard with door into the kitchen.