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A Vacant Eleven Bedroom HMO. Potential for Roof Space Development (Subject to Obtaining all Relevant Consents).
The property comprises a fully licensed eleven bedroom HMO situated on the first floor of a substantial end of terrace building,
Tenure
Freehold
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Knutsford Playing Fields are within easy reach. Transport links are provided by Watford underground station (Metropolitan line) and Watford Junction rail and overground stations.
Accommodation
First Floor Communal Kitchen Seven Bathrooms
Tenancy
The property was formerly let to Watford Council for use as nightly temporary accommodation. The average annual income was £120,000 per annum.
The ground floor has been sold off on a 999 year lease from 6th March 2013 with a peppercorn ground rent.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.