Lot 108 - 23-BEDROOM HMO WITH GOOD RENTAL INCOME

Available At £1,200,000 + Fees

Currently let at £165,721 per annum

Viewing by arrangement with Clive Emson Auctioneers

01622 608400
Jon Rimmer

Online Bidding

Legal Documentation

A detached former care home which has been converted into a 23-bedroom House of Multiple Occupation and is now fully let.

The building is located on the outskirts of Faversham town centre with good access to Favershams mainline railway station, along with the M2.

The property has two communal kitchens, two communal areas, a laundry room and several communal shower/bathrooms along with W.Cs. Half of the bedrooms have their own en-suite W.Cs. with the other rooms sharing facilities.

Mill House sits on a good size plot adjacent to Faversham Town Football Club with off road parking and gardens to rear.

There is an unused outbuilding to the rear of the site which may offer potential, subject to all necessary consents being obtainable.

Tenancies

Each room is let under the terms of an Assured Shorthold Tenancy Agreement. The current rental figures are as shown in the Table below and a Tenancy Schedule will be included in the legal pack which will be available to download from the Clive Emson website.

Local Planning Authority

Swale Borough Council. Tel: 01795 417850. Website: swale.gov.uk.

Viewing

External only.

Council Tax Band H

Mill House, Salters Lane, Faversham, Kent

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 cliveemson.co.uk/buyers-fees/