Lot 56
    End of Terrace
    932 London Road
    Thornton Heath, Surrey, CR7 7PF
    Withdrawn Prior to Auction
     
    Number 1
    A End of Terrace House Currently Arranged as a Nine Bedroom HMO Producing £81,186.24 per annum

    Tenure

    Freehold

    Location

    The property is situated on a predominantly residential road in Thornton Heath close to local shops and amenities. The open spaces of Thornton Heath Recreation Ground are within easy reach. Transport links are provided by Thornton Heath rail station.

    Description (2nd Column)

    The property comprises an end of terrace house arranged over ground and two upper floors. The property is currently arranged to provide nine letting rooms all benefiting from two communal kitchens and three communal shower rooms. The building underwent a full program of refurbishment in 2015.

    Note (2nd Column)

    The property benefits from an HMO license valid until 20th December 2022.

    Viewing Details

    Open House Viewings:
    Wednesday 9th May 11:30-12:00
    Monday 14th May 11:30-12:00
    Wednesday 16th May 11;30 - 12:00
    Monday 21st May 11:30-12:00

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Rent
    Flat 1 Ground Letting Room with Kitchenette (Communal Shower Room) Let on a 12 month AST at a rent of £748.42 pcm £8,981.04
    Flat 2 Ground Letting Room (Communal Kitchen & Shower Room) Licence with a Guaranteed Rent of £725 pcm £8,700
    Flat 3 Ground Letting Room with Kitchenette (Communal Shower Room) Let on a 12 month AST at a rent of £748.42 pcm £8,981.04
    Flat 4 Ground Letting Room (Communal Kitchen & Shower Room) Let on a 12 month AST at a rent of £748.42 pcm £8,981.04
    Flat 5 First Letting Room with En-suite Shower Room (Communal Kitchen) Let on a 12 month AST at a rent of £748.42 pcm £8,981.04
    Flat 6 First Letting Room with En-suite Shower Room (Communal Kitchen) Let on a 12 month AST at a rent of £748.42 pcm £8,981.04
    Flat 7 First Letting Room (Communal Kitchen & Shower Room) Let on a 12 month AST at a rent of £748.42 pcm £8,981.04
    Flat 8 First Letting Room (Communal Kitchen & Shower Room) Licence with a Guaranteed Rent of £725 pcm £8,700
    Flat 9 Second Letting Room (Communal Kitchen & Shower Room) Let on a 12 month AST at a rent of £825 pcm £9,900
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    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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