HIGH-YIELDING INVESTMENT PROPERTY

A superb investment opportunity to acquire this three storey, link-detached mixed residential investment property being located in a favoured area of the City. This versatile property briefly comprises 9 HMO letting rooms (ground floor flat with 3 letting rooms under one tenancy) occupying two buildings whilst to the ground floor there is an established commercial component collectively enjoying rents reserved of £52,056per annum. TENURE Freehold subject to tenancies. TENANCIES Commercial: Ground floor retail unit let on a lease term of 10 years dated from 1st January 2019 with the current rent passing of 17,256pa. Residential (Tenants pay all bills): Ground floor annexe, first and second floor letting rooms; Flat 1A: Current rents reserved of £795pcm.£385pcm. Room 1: Current rents reserved of £350pcm. Room 2: Current rents reserved of £360pcm. Room 3: Current rents reserved of £350pcm. Room 4: Current rents reserved of £360pcm. Room 5: Current rents reserved of £335pcm. Room 6: Current rents reserved of £350pcm. EPC Ratings: Commercial - C. Residential - C. ACCOMMODATION COMMERCIAL Ground floor: Retail unit trading as an exotic pet shop and comprises main retail area, two further rooms and WC. RESDIENTIAL Ground floor; Flat 1A: Entrance hall, kitchen, living room, 3 letting rooms, shower room/WC. First floor; Landing, kitchen/living room, two bedrooms, shower room/WC. Second floor; Landing, four bedrooms, shower room/WC. IMPORTANT INFORMATION All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day. AUCTION LEGAL PACK & FINANCE Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.