A mid-terrace house let as an HMO generating a gross income of approx. £23,000 pa.

This excellent mid-terrace house is currently let as an HMO generating approx. £23,000p.a gross income from five letting rooms (three with en-suite shower rooms), although the HMO license is under review as it should only have four letting rooms. A reduction to only four would reduce the income to approx. £18,600 however, it would free up a room for use as a communal lounge. The gas centrally heated and mainly double-glazed accommodation includes a recently refurbished kitchen and also benefits from a low-maintenance garden to the rear.

Tenure

Freehold

Location

The Dukeries is so very popular and well known for the many amenities which are conveniently placed within a short distance from the property. There are busy interesting local traders along Princes Avenue and Newland Avenue, and regular public transport links create good connections to the City Centre and surrounding areas. This is an excellent catchment area for Schools, Colleges, and Academies. The area has a real multicultural feel with Cafe Bars, quality eateries, Restaurants, and Bistros thus providing a great choice for evenings out and get-togethers.

Accommodation

Ground Floor: Entrance Hall, Living room (currently fifth letting room), double bedroom, kitchen, rear hall, bathroom, separate WC. First floor: Three double en-suite letting rooms. Outside: Small forecourt to the front and enclosed rear courtyard garden.

Services

All mains services are available but have not been tested by Auction House.

Viewing

Strictly by appointment with the Auctioneers on 0845 400 9900.

Council Tax

Council tax is payable to Hull City Council. The property is listed as being in Council Tax band A.

Income

At the time of commencement of marketing the quoted income figures have not been verified but are understood to be correct. Copies of the tenancy agreements will be included in the legal pack. Interested parties should check these for confirmation of the income.

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Hull City Council

Solicitors

Rosling King LLP, , 55 Ludgate, London, EC4M 7JW, Ref: Ann Ebberson , Tel: 020 7246 8084

Additional Fees

Buyer's Premium - £480 (£400 plus VAT) in addition to the purchase price of the property.

Administration Charge - The purchaser will be required to pay an administration charge of 0.3% of the purchase price subject to a minimum of £750 (0.25% or £625 plus VAT)

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.