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Lot 156 Substantial Hmo Producing Approximately £127,000 Per AnnumAuction Date:
21st September 2022
3-4 Albert Road, Bognor Regis, PO21 1NL
Currently let at £126,840 per annum
These two adjoining buildings, arranged over four floors, comprise a substantial House in Multiple Occupation producing approximately £127,000 per annum. There are 19 letting rooms with their own kitchen facilities with shared W.C. and shower rooms, a communal laundry room and two self-contained studio units at the rear on the ground floor.
The property provides an excellent investment opportunity in a central and convenient location between the seafront and Bognor Regis town centre. There are excellent local shopping facilities and amenities, including the mainline station, with excellent road links to nearby coastal towns via the A259 and all other surrounding areas via the nearby A27.
Accommodation
There are 21 units in total arranged over four floors with two self-contained studio units at the rear on the ground floor, with the rest comprising letting rooms with kitchen facilities and shared shower rooms/W.C.s. There are balconies to the first floor and ground floor patios to the rear of both properties.
Tenancies
We are informed that all of the units are let on Assured Shorthold Tenancies.
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
