For sale by auction on Wednesday, 12 February 2025 at 11:00

Venue: Livestream Auction

Compliant HMO established for over 30 years with lawful use provided in 2014. Offering 22 occupied rooms with all tenants having a licence to occupy. Each room has its own bathroom facilities and there are four shared kitchen facilities for tenants use.



The property has been producing a gross income of £117,480 and a net income of £85,000 with each tenant paying £445 pcm.



The basement of the building offers potential for a further 4 rooms this would increase the current yield.



The building has a fire and electrical certificates and each room has its own Metro metre for electric supply.

Accommadation
22 rooms, 22 bathroom facilities, 4 kitchens

Council Tax Band
F

Viewings
Viewings are being held STRICTLY BY APPOINTMENT ONLY on the following days



Tuesday 12 November

Tuesday 19 November

Friday 29 November

Friday 6 December



Please contact the Norwich Office to confirm your appointment time.

EPC Rating: E

Viewings

Additional Fees
Buyers Premium - ?960 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of ?1200 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.