Property Auctions - 12 rooms

Auction date: Wed, 06/02/2019 - 13:00

This Freehold property located within close proximity to the seafront has recently been converted and extended to create serviced accommodation. There are 5 self contained apartments and 12 double rooms with en-suite shower rooms. 3 of the 5 self contained flats are currently let on Assured Shorthold agreements and are currently producing a combined annual rent of £17,400.

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A substantial three storey period style semi detached house arranged over three floors plus basement. The property is currently let and fully licensed as a 12 bed HMO. At present it is being used as 10 bedrooms including an office and Store room producing in excess of £15,600 per annum. The property benefits from double glazing, two kitchens, 3 bathrooms and central heating. Alternatively if let as an HMO Investment at £60.00 per room the annual rental income would be in excess of £37,000. Ideal for investment.

Auction date: Thu, 13/08/2015 - 11:30

An interesting and rarely available investment opportunity comprising 11 fully furnished en-suite bedrooms and 1 studio bedroom/warden room. High yielding investment property. Fully let with rent increase each year. Current rent approx. £35,000 p.a. 

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A well presented residential investment comprising of 12 flats. The property was constructed circa 1913 in a mock Tudor style of brick under a clay tiled roof on 4 floors. Outside there is a small parking area. The premises have gas fired central heating and most windows and door units are PVCu double glazed. The 12 units are let at an average of £70 per week, and the average net income is circa £32,000 per annum with scope for improvement.