Lot 157 Residential Investment With Potential For Additional Letting RoomsAuction Date:
12th June 2024
15-17 Alma Road, Sheerness, Kent, ME12 2NZ
Currently let at £43,200 Per Annum
A mid-terrace former nine-bedroom care home now arranged as a six- bedroom House of Multiple Occupation (HMO), located close to Sheerness town centre with all its amenities and mainline railway station.
The property is licenced for six people, however, there may be potential to incorporate all nine bedrooms resulting in a higher rental income, subject to all necessary consents being obtainable.
The building could benefit from some improvement but does have a gas heating system via radiators and the majority of the windows are double glazed.
The property has up-to-date electrical and gas certificates and may have potential to extend to the rear, subject to all necessary consents being obtainable.
The current arrangement means that most of the tenants have the benefit of two rooms. A copy of the floor plan 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.
Ground Floor
Entrance hall, bedroom one, bedroom two, bedroom three with en-suite shower room/W.C., laundry room and two former living rooms currently being used as bedrooms.
Lower Ground Floor
Hallway, two offices, kitchen and meter room.
First Floor
Landing, three bedrooms, wet room, bathroom and two W.Cs.
Second Floor
Landing, three bedrooms, living room, kitchenette, utility area and bathroom with W.C.
Outside
Garden to rear.
Tenancy
We understand all six rooms are each let on an Assured Shorthold Tenancy at a current rental of £600 per calendar month.
Council Tax Band D
Auctioneer’s Note
The sale will be subject to a six week completion.
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
