7 bedroom terraced house for sale56 Old Wymering Lane, Portsmouth, Hampshire
Guide Price* £340,000
- Available Post Auction
- Auction Date : 15 December 2016
- Lot Number : 80
- Freehold Seven Bedroom Letting Investment
- Residential Investment
- Current Rental : £48,880 Per Annum
- *Guide Price : £340,000 - £360,000
Full descriptionThis three storey town house has recently undergone a programme of upgrading and refurbishment, under the supervision of Portsmouth City Council's Housing Department, with a view to achieving a Licence as a House of Multiple Occupation. The licence is expected to be granted prior to the day of the auction.
The house has seven letting rooms and is situated a short distance from Queen Alexandra Hospital. It is considered ideal for addition to a lettings portfolio.
Entrance hall, letting room, communal kitchen/dining room and shower room/W.C.
Three further letting rooms and communal lounge.
Three further letting rooms, shower room with W.C. and cloakrooom with W.C.
Five rooms are each let on a six month Assured Shorthold Tenancy Agreement at £140 per week and two rooms let on an Assured Shorthold Tenancy at £120 per week.
A tenancy schedule will be included within the legal pack, which is available for inspection at the Auctioneer’s Office.
Residential EPC: C
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, which will be available on the Auction Day.
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Clive Emson Auctioneers, Maidstone on 0345 8500333.
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