Lot 23 Freehold Eight-bedroom HmoAuction Date:
4th May 2023
21 Lawrence Road, Southsea, Hampshire, PO5 1NU
Currently let at £40,200 per annum
Lawrence Road feeds directly off Albert Road with its popular facilities and amenities. This three-storey freehold building is arranged as an eight-bedroom HMO and, in addition to the letting rooms there are the usual facilities associated with such a property, including a large communal kitchen and bathroom facilities.
The former living room and dining room on the ground floor provide two letting rooms while on the first floor there are four further rooms and an attic conversion has provided two further letting rooms on the second floor.
Ground Floor
Entrance hall, two letting rooms, communal kitchen and communal bathroom with W.C.
First Floor
Landing, four letting rooms, communal bathroom (no W.C.) and cloakroom/W.C.
Second Floor
Two further letting rooms.
Outside
Courtyard garden to the front and small enclosed garden to the rear.
Council Tax Band D
Tenancy
All rooms are let under Assured Shorthold Tenancy Agreements. Room 6 current rental is £375 per calendar month with all remaining rooms current rental of £425 per calendar month.
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
