Lot 7 Hmo For InvestmentAuction Date:
1st May 2024
20 Reginald Road, Maidstone, Kent, ME16 8HA
Currently let at £46,008 per annum
Situated in a popular residential area convenient for the town centre and mainline railway station is this semi-detached house providing accommodation over three floors. The property has been operated as a House of Multiple Occupation for many years and has been issued with a Licence by Maidstone Borough Council.
The property is well maintained throughout and has a gas heating via radiators and replacement uPVC windows.
Ground Floor
Entrance hall and kitchen/dining room.
Room 1
Bedroom with en-suite shower room with W.C. Let on an Assured Shorthold Tenancy Agreement at a current rental of £687 per calendar month.
Room 2
Bedroom with en-suite shower room with W.C. Let on an Assured Shorthold Tenancy Agreement at a current rental of £655 per calendar month.
First Floor
Landing, shower room and separate W.C.
Room 3
Bedroom with en-suite shower room with W.C. Let on an Assured Shorthold Tenancy Agreement at a current rental of £690 per calendar month.
Room 4
Let on an Assured Shorthold Tenancy Agreement at a current rental of £572 per calendar month.
Room 5
Let on an Assured Shorthold Tenancy Agreement at a current rental of £630 per calendar month.
Second Floor
Room 6
Let on an Assured Shorthold Tenancy Agreement at a current rental of £600 per calendar month.
Outside
Garden to front with side entry leading to rear garden.
Council Tax Band D
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
