Auction House London

Lot 28

Terraced - Houses 

93 The Vale

Acton, London, W3 7RG

£2,000,000+

Guide Price (plus fees)

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

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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