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    Auction House London
    Lot 28
    Terraced
    93 The Vale
    Acton, London, W3 7RG
    Unsold. Contact the auctioneer.
     
    All
    Number 1
    A Freehold Mid Terrace Thirteen Bedroom HMO Producing £187,934.76 Per Annum. The Property Benefits From Planning Permission for the Conversion to Four Self-Contained Flats (3 x Two Bedroom, 1 x Three Bedroom).

    Description

    The property comprises a thirteen bedroom mid terrace HMO arranged over basement, ground and three upper floors. The property benefits from both front and rear gardens.

    Location

    The property is situated on a mixed use road close to local shops and amenities. The open spaces of Acton Park are within easy reach. Transport links are provided by Acton Central overground station and Acton Town underground station (District & Piccadilly lines).

    Planning

    Ealing Borough Council granted the following planning permission (ref: 195080FUL) on 02/01/2020: 'Single storey rear extension; Conversion of the building to provide 4 No. self contained flats and provision of associated amenity garden with new boundary wall treatments above the rear extension.'

    Addendum

    1. As a condition of completion ("Condition"), the Seller shall provide a copy of the HMO Licence granted in respect of the Property by no later than 3 months from the date of this Contract (“Long Stop Date”). 2. Subject to 1 above being satisfied by the Long Stop Date, completion shall take place 5 working days from a copy of the HMO licence being provided by the Seller. 3. If the Condition is not satisfied by the Long Stop Date, either party shall be entitled to serve written notice on the other determining this Contract and on receipt of this notice this Contract shall terminate and the Seller shall return the Deposit back to the Buyer. 4. The property is sold subject to the rental income figure as advertised and in the event that the rental income is less than this sum on completion the Seller agrees to top up the difference by way of a rental contribution sum for the first 12 months.

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Rent
    Rooms 1, 2 & 3 Basement 4 x Studio Rooms with En-Suite Refer to legal pack £3,614.13pcm
    Communal Space Basement Kitchen N/a N/a
    Rooms 4, 5 & 6 Lower Ground 3 x Studio Rooms with En-Suite Refer to legal pack £3,614.13 pcm
    Communal Space Lower Ground Kitchen N/a N/a
    Rooms 7, 8 & 9 Ground 3 x Studio Rooms with En-Suite Refer to legal pack £3,614.13
    Communal Space Ground Kitchen N/a N/a
    Communal Space First Kitchen N/a N/a
    Rooms 10, 11 & 12 Second 3 x Studio Rooms with En-Suite Refer to legal pack £3,614.13 pcm
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    020 7625 9007 or email us at info@auctionhouselondon.co.uk
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    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.

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