Auction House London

Lot 84

Terraced - Houses 

27 Milton Road

Swindon, Wiltshire, SN1 5JA

£400,000+

Guide Price (plus fees)

An Eight Bedroom Licensed HMO (all with shower rooms and kitchenette) Mid Terrace Building Part Let Producing a Combined Income of Approximately £37,560 Per Annum. Estimated Rental Value once Fully Let of £49,080 per annum.

In the Same Family Ownership for 18 Years

Description

The property comprises a four storey mid terrace building with a licensed HMO currently arranged over lower ground, ground, first and second floors.

Tenure

Freehold

Location

The property is situated in Swindon town centre close to the local shops, including The Designer Outlet village. The open spaces of The Park are within close proximity. Transport links are provided by Swindon rail station 0.5 miles away, with London less than an hour by train.

Accommodation

All rooms networked with Virgin Media 200mb broadband.
Lower Ground Floor
1 x Letting Room with separate kitchen/shower room.
1 x Shared laundry/kitchen area with 2 x shared WC’s.

Ground Floor
3 x Letting Rooms with Shower Room & Kitchenette

First Floor
3 x Letting Studio Rooms with Shower Room & Kitchenette

Second Floor
1 x Letting Studio Room with Shower Room & Kitchenette
1 x Shared WC

GIA 190.1 Sq m / 2,046 Sq ft


Exterior

The property benefits from off street parking for 2 cars at the rear.

Tenancy

Please refer to the legal pack for a full tenancy schedule. Current Combined Rent £37,560 per annum

Introducer

Additional Fees and Disclaimer

Administration charge: £1,200 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.

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their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction.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