Lot 204
    Flat
    104B Chase Side
    Southgate, London, N14 5PH
    Sold prior to auction for an undisclosed amount.
     
    Number 1
    A Second Floor Four Bedroom Licensed HMO Producing £29,940 Per Annum (Reflecting a Gross Initial Yield of 13.6%)

    Description

    The property comprises a second floor four bedroom licensed HMO situated within a mid terrace building arranged over ground and two upper floors.

    Tenure

    Leasehold. The property is held on a 125 year lease from 1st January 2019 (thus approximately 119 years unexpired).

    Location

    The property is situated on a residential road close to local shops and amenities. The open spaces of Oakwood Park are within easy reach. Transport links are provided by Southgate underground station (Piccadilly line) and Winchmore Hill rail station.

    Accommodation

    Second Floor
    Communal Kitchen
    Communal Bathroom

    EPC Rating

    D

    Addendum

    Sold Prior

    Accommodation

    Property Accommodation Tenancy Details Current Rent
    Unit 1 Letting Room 12 months from 1st March 2023 (Holding Over) £7,140 Per Annum
    Unit 2 Letting Room 12 months from 17th February 2023 (Holding Over) £6,000 Per Annum
    Unit 3 Letting Room 6 months from 18th March 2024 £9,600 Per Annum
    Unit 4 Letting Room 12 months from 20th September 2023 £7,200 Per Annum
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    Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    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.

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