House For Sale £275,000
Summary
auction sale 27 July 2021 - This property will be sold at auction to the best bid (subject to reserve). Auctions are an exciting and the most certain way you can buy. We hold sales every month. If you are buying for your occupation, development or investment we have lots for you to see.
Description
Eight bedroom HMO situated in Burton-on-trent
The property produces appox £32,800 per annum
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 £32,800 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 is now let at £325 per month, 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
Important Notice:
For each Lot, a contract documentation fee of £1,150 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions 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 and 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.
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.
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 - This property will be sold at auction to the best bid (subject to reserve). Auctions are an exciting and the most certain way you can buy. We hold sales every month. If you are buying for your occupation, development or investment we have lots for you to see.
Description
Eight bedroom HMO situated in Burton-on-trent
The property produces appox £32,800 per annum
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 £32,800 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 is now let at £325 per month, 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
Important Notice:
For each Lot, a contract documentation fee of £1,150 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions 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 and 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.
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.
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.
