Lot
    Block of Apartments
    165A Darkes Lane
    Potters Bar, Hertfordshire, EN6 1BW
    £375,000+
    Guide Price (plus fees)
    Number 1
    A First and Second Floor Five Bedroom Licensed HMO Fully Let Producing £41,400 Per Annum (Reflecting a Gross Initial Yield of 11%).

    Description

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

    Tenure

    Leasehold. The property is held on a 1089 year lease from 9th November 2004 (thus approximately 1068 years unexpired).

    Location

    The property is situated on a mixed use road close to local shops and amenities. The open spaces of Parkfield Open Space are within easy reach. Transport links are provided by Potters Bar rail station.

    Accommodation

    First Floor
    Reception Room
    Kitchen
    Letting Room

    Second Floor
    Four Letting Rooms
    Bathroom
    Shower Room

    Tenancy

    The property is subject to individual tenancies at a combined rent of £41,400 per annum. The vendor is in the process of increasing the rent to £43,200 per annum (resulting in a Gross Yield of 11.5%)
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    Additional Fees and Disclaimer

    Administration charge: £1,800 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.

    Guide Prices 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their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction.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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