Auction House London

Lot 43

Terraced - Houses 

153-155 Lincoln Road

Peterborough, Cambridgeshire, PE1 2PW

Sold for £750,000

A Pair of Mid Terrace Buildings Arranged as a Twenty-Five Bedroom Licenced HMO. Offered with Vacant Possession. ERV Fully Let Circa £150,000 per annum

Description

The property comprises a 25 bedroom HMO within a pair of adjacent mid terrace buildings arranged over ground and two upper floors. The property requires a program of refurbishment but is a fully licenced HMO (valid until February 2022).

Location

The property is situated on a mixed use road close to local shops and amenities and less than a mile from the city centre. The open spaces of Central Park are a short walk away. Transport links are provided by Peterborough rail station.

Exterior

The property benefits from a large car park to the rear

Note

The property has not been inspected by Auction House London. All information has been supplied by the vendor who advises that the property was previously let at £128,960 pa with an ERV circa £150,000 pa after refurbishment.

Tenure (2nd Column)

Freehold

Accommodation (2nd Column)

Ground Floor
Six Self-Contained Studio Flats
Five Studio Rooms with Kitchenette
Communal WC

First Floor
Six Self-Contained Studio Flats with Bathroom & wash basin
Three Studio Rooms with Kitchenette
Two Bathrooms
Two WCs

Second Floor
Three Self-Contained Studio Flats
Two Studio Rooms with Kitchenette

Viewing Details

Open House Viewings:
Tuesday 27th November 14:30-15:00
Saturday 1st December 10:00-10.30
Tuesday 4th December 14:30-15:00
Thursday 6th December 09.30-10:00
Monday 10th December 14:00-14:30

Additional Fees and Disclaimer

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.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about 153-155 Lincoln Road, Peterborough, Cambridgeshire, PE1 2PW

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