Addendum To Printed Catalogue
This property has been postponed from the March auction.
A 10 Bedroomed HMO Investment Opportunity currently producing in excess of £45,000 per annum
A three storey semi detached property converted to provide 10 letting rooms. The property is fully let to 10 students on Assured Shorthold Tenancies until June 2017 at a rental of £95.00 pp/pw including bills. The property is fully HMO compliant and benefits from double glazing, central heating, 2 kitchens and 4 bathrooms. The property will be sold fully furnished.
Internal inspection is highly recommended.
Fronting Windsor Street at its junction with Upper Stanhope Street within walking distance to the Anglican Cathedral, Hope Street amenities and Liverpool City Centre.
Main Entrance Vestibule, 2 x Communal Lounges/kitchen's, Store Room.
5 Letting Rooms, 2 x Shower Room/W.C
5 Lettings Rooms, 2 x Shower Room/W.C
* Guide Price
An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
* Reserve Price
The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
A successful purchaser will also be required to pay a Buyer's Administration charge of £750+VAT (£900 including VAT @ 20%) (unless stated otherwise within the property description in the catalogue) by cheque made payable to Countrywide.
You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees).