House For Sale £275,000
Summary
auction sale 27 July 2021 - ** guide price £275,000 - £325,000 ** this lot is to be offered in an online auction on Tuesday 27th July or Wednesday 28th July in association with barnard marcus auctions in london
description
Situated on a prominent corner position in Burton-on-Trent can be found this eight bedroom HMO with two lounges/dining areas and three shower rooms/WC. The rooms are presently let and produces approximately £32,000 per annum with the rental income increasing year on year, the vendor has informed us that the property has maintained a high letting percentage. In addition planning permission has been granted by East Staffordshire Borough Council ref: P/2019/00276 for the erection of a three storey block apartment consisting of two one bedroom apartments with their own entrances on the ground floor, one two bedroom apartment on the first floor along with a two bedroom duplex apartment over the first and second floor. An under arched driveway leads to parking for six cars and a bin store area. Burton town centre can be found close by with a wide range of amenities along with its own railway station, access can also be gained to the A38.
Existing Accommodation
Ground Floor: Passageway entrance, rear hall, communal kitchen/dining room, kitchen, communal utility area, shower room WC one, room one presently vacant, room two presently let at £70 per week, room three presently let at £90 per week, room four presently let at £374 per month.
First Floor: Landing, communal living/dining/kitchen areas, shower room WC two, shower room WC three, room five let at £340 per month, room six presently let at £347 per month, room seven presently let at £335 per month, room eight presently let at £340 per month.
Exterior: Attached cycle store, general store and yard area, parking and garden area.
Grounds once constructed will consist of
Planning has been granted for the erection of a three storey block of apartments with an under arch driveway to parking area over the existing parking and garden areas.
Apartment 1: Own entrance hall, kitchen/living area, bedroom, shower room WC.
Apartment 2: Own entrance hall, kitchen/living area, bedroom, shower room WC.
Ground floor communal hallway and stairs to first floor landing.
Apartment 3: A duplex apartment with a hallway, living/kitchen area, bedroom one with a shower room WC on the lower level and the upper level there will be bedroom two with a sitting area and en-suite shower room WC.
Apartment 4: Entrance hall, living/kitchen area, bathroom WC, bedroom one, en- suite shower room WC. Bedroom two.
Apartment 5: A duplex apartment, on the lower level will be bedroom one, bathroom WC, upper level living/kitchen area, bedroom two.
Exterior: Parking area for six cars, bin store, cycle store, general store
EPC:
D (216 sq. M)
Tenure:
Freehold (subject to tenancies)
Viewings:
By arrangement with the auctioneers - please see important advice for viewers on page 19 of this catalogue
Condtions of sale
The Conditions of Sale will be deposited at the offices of the auctioneers, Bagshaws Residential, and vendors solicitors seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to auctions. Prospective purchasers are advised to check with the auctioneers, Bagshaws Residential, before the sale that the property is neither sold or withdrawn. The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Health & Safety Advice for Property Viewers Whilst Bagshaws Residential make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of the properties in our auction and cannot therefore guarantee the safety and security of viewers Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds, outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk
*Guide and Reserve Prices
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.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits. The sale of each lot is subject to a contract documentation charge £1,150.00 (including VAT) payable on the fall of the hammer. If you are unable to attend the auction for any reason you can still bid on the property either by telephone or proxy bid, please contact the auctioneers for further information.
Guidance notes are set out in the catalogue in relation to auction property, particularly from a purchasing perspective.
Bagshaws Residential are contactable at 32-34 Cornmarket, Derby DE1 2DG
Tel Website -
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
auction sale 27 July 2021 - ** guide price £275,000 - £325,000 ** this lot is to be offered in an online auction on Tuesday 27th July or Wednesday 28th July in association with barnard marcus auctions in london
description
Situated on a prominent corner position in Burton-on-Trent can be found this eight bedroom HMO with two lounges/dining areas and three shower rooms/WC. The rooms are presently let and produces approximately £32,000 per annum with the rental income increasing year on year, the vendor has informed us that the property has maintained a high letting percentage. In addition planning permission has been granted by East Staffordshire Borough Council ref: P/2019/00276 for the erection of a three storey block apartment consisting of two one bedroom apartments with their own entrances on the ground floor, one two bedroom apartment on the first floor along with a two bedroom duplex apartment over the first and second floor. An under arched driveway leads to parking for six cars and a bin store area. Burton town centre can be found close by with a wide range of amenities along with its own railway station, access can also be gained to the A38.
Existing Accommodation
Ground Floor: Passageway entrance, rear hall, communal kitchen/dining room, kitchen, communal utility area, shower room WC one, room one presently vacant, room two presently let at £70 per week, room three presently let at £90 per week, room four presently let at £374 per month.
First Floor: Landing, communal living/dining/kitchen areas, shower room WC two, shower room WC three, room five let at £340 per month, room six presently let at £347 per month, room seven presently let at £335 per month, room eight presently let at £340 per month.
Exterior: Attached cycle store, general store and yard area, parking and garden area.
Grounds once constructed will consist of
Planning has been granted for the erection of a three storey block of apartments with an under arch driveway to parking area over the existing parking and garden areas.
Apartment 1: Own entrance hall, kitchen/living area, bedroom, shower room WC.
Apartment 2: Own entrance hall, kitchen/living area, bedroom, shower room WC.
Ground floor communal hallway and stairs to first floor landing.
Apartment 3: A duplex apartment with a hallway, living/kitchen area, bedroom one with a shower room WC on the lower level and the upper level there will be bedroom two with a sitting area and en-suite shower room WC.
Apartment 4: Entrance hall, living/kitchen area, bathroom WC, bedroom one, en- suite shower room WC. Bedroom two.
Apartment 5: A duplex apartment, on the lower level will be bedroom one, bathroom WC, upper level living/kitchen area, bedroom two.
Exterior: Parking area for six cars, bin store, cycle store, general store
EPC:
D (216 sq. M)
Tenure:
Freehold (subject to tenancies)
Viewings:
By arrangement with the auctioneers - please see important advice for viewers on page 19 of this catalogue
Condtions of sale
The Conditions of Sale will be deposited at the offices of the auctioneers, Bagshaws Residential, and vendors solicitors seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to auctions. Prospective purchasers are advised to check with the auctioneers, Bagshaws Residential, before the sale that the property is neither sold or withdrawn. The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Health & Safety Advice for Property Viewers Whilst Bagshaws Residential make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of the properties in our auction and cannot therefore guarantee the safety and security of viewers Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds, outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk
*Guide and Reserve Prices
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.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits. The sale of each lot is subject to a contract documentation charge £1,150.00 (including VAT) payable on the fall of the hammer. If you are unable to attend the auction for any reason you can still bid on the property either by telephone or proxy bid, please contact the auctioneers for further information.
Guidance notes are set out in the catalogue in relation to auction property, particularly from a purchasing perspective.
Bagshaws Residential are contactable at 32-34 Cornmarket, Derby DE1 2DG
Tel Website -
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
