38 Teville Road
Ref: Lot 3
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Unconditional (Buyer's Premium)
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a £5,000 or 5% deposit and a 2.5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 56 days following the auction (unless otherwise stated).
38 Teville Road, Worthing, West Sussex, BN11 1UG
7 Bed HMO Currently Let To Worthing Council with Guaranteed Rent of In Excess of £54,000 Per Annum - Freehold
7 Bed HMO Currently Let To Worthing Council with Guaranteed Rent of In Excess of £54,000 Per Annum - Freehold
Description
Town & Country Property Auctions are delighted to offer For Sale by Public Auction this registered 7 bedroom HMO, refurbished approximately 5 years ago and equipped for purpose, individual rooms fitted with electric meters, separate electric meter for communal areas. 4 year contract in place with Adur & Worthing Council - currently £54,600 / annum. This property is very well positioned being only 110m (2min walk) from Worthing Station, a 10 minute walk to the town business centre and a 15 minute walk to the seafront. Start earning immediately.
The property will be entered into our 28th November auction which is held online and starts at 10am. You must register to bid and download the legal pack.
PROPERTY FEATURES
. Number of Bedrooms: 7
. Reception Rooms: 1
. HMO contract in place with Worthing Council.
. Secure entrance lobby
. Fitted intercom
. Fitted door entry release system to all rooms
. Excellent location
. Council Tax Band: C
. 56 Day Completion
. Freehold
TENANCY INFORMATION
. Let on AST to Worthing Council
. Agreed Rent of £54,600 Per Annum
. Additional Room Electric Meter Income of Approx £2000 Per Annum
. HMO Licence In Place
Tenure
Freehold
Buyers Premium
* Buyers Premium Applies
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Council Tax Band
C
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
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