18 Bedroom HMO & Residential Portfolio

Worcester, UK

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Auction Starts

March 25, 2019 12:00 pm

Auction Ends

April 1, 2019 12:00 pm

(Unless Sold Prior)

  • To do so, please contact the auction team and put forward your absolute best bid. As you are asking the seller to close the auction early your offer should be very strong, at the top end or above the guide price. If all terms are agreed, the purchase will adhere to auction rules and terms of the sale.

Starting Bid

£ 810,000

(Fees Apply)

This property is sold subject to a non-refundable reservation fee of 3% + VAT with a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.

0 Bids

  • There are no bids for this property.
  • Freehold
  • Investment Property
Platinum Property Auctions
01905426000

15-17 St Johns, Worcester, WR2 5AE

Reservation Fee Calculator

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- - -

Please be advised that a buyer information pack fee is also applicable. Check Terms Of Sale & Legal Pack information or Please speak to our auction team for more information.

  • Freehold
  • Investment Property
Platinum Property Auctions
01905426000

15-17 St Johns, Worcester, WR2 5AE

Reservation Fee Calculator

- - -
- - -

Please be advised that a buyer information pack fee is also applicable. Check Terms Of Sale & Legal Pack information or Please speak to our auction team for more information.

Worcestershire Portfolio - 18 Bedrooms

GUIDE PRICE £810,000+ Plus Reservation Fee

 

Property Overview

A large private portfolio of 18 bedrooms over 3 individual properties located with in Worcestershire.

The portfolio comprises below.

 

195 Henwick Road, St Johns, WR2 5PG - 9 bedroom HMO.

18 Arboretum Road, Arboretum, WR1 1NB - 6 bedroom HMO.

Acorn Cottage, Martley Road, Lower Broadheath, WR2 6QG - 3 bedroom detached cottage.

 

CURRENT RENTS

195 HENWICK ROAD -£36,399.99 @ £100PPPW (7 rooms are let)

18 ARBORETUN ROAD -£16,800 @ £1400PCM

ACORN COTTAGE (Vacant)

 

TOTAL £53,199.99PA

 

please see addendum within the legal pack for full details on this lot.

 

Starting Bid and Reserve Price

*The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction which is generally no more than 10% in excess of the guide price. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price.

The Reserve Price will only be disclosed once it has been met during bidding and not before. Reserve prices are subject to change up to the date of the auction. Please note that Lots may be withdrawn prior to the end of auction

 

Conditional Online Auction Details

Every online bidder must first create an account atwww.underthehammer.com/account/create/

Once you have registered, you will be able to search, download legal documents, arrange viewings and contact the Agents, Auctioneers and the solicitors if you have queries on the property. 

If you are the successful bidder, at the end of the specified time period, you’ll enter into a reservation agreement with the seller and have 28 days within which to exchange. If you fail to do so, you may lose your reservation fee. During the 28 day reservation period, the seller is not able to accept other offers.  The sale of each Lot is subject to a reservation fee (additional to the purchase price) of 3% + VAT (3.6% inc VAT) subject to a minimum £5,000 +VAT (£6,000 inc VAT). The reservation fee does not contribute towards the purchase price.  Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract which can be found in the legal pack.

 

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

No floor plan added.