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Semi detached house converted into 3 flats - Gross rental yield 10.13% PAX

Description

A semi-detached house converted into 3 flats, within a popular residential area close to the town centre. Ideal for letting investment with an annual rent of £45,600, gross yield 10.13% PAX.

Auction date
To be sold by online auction on Friday 26th May 2023 with a 6 WEEK COMPLETION, bidding will open at 10.00.

To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk

Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Location
* Close to local amenities * Good access to Harrow centre * Mainline rail, Overground and London Underground service from Harrow on the Hill, Kenton and Norwick Park * Close to University of Westminster Harrow Campus *

Description
* Semi-detached house * 3 apartments currently let on AST's * Close to rail links

Accommodation
Comprises:

Ground floor
58A - 1 bedroom flat and 58B - Studio flat

First Floor
58C - 3 bedroom flat

Outside
Driveway parking, garden

EPC rating
58A - D
58B - C
58C - D

Tenure
Freehold

Council tax band
58A C, 58B A, 58C D - Harrow

Tenancies
All three flats are currently let on AST's. Please see legal pack for details.

Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.

Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Lot 1 - 58 Gayton Road, Harrow, Middlesex, HA1 2LS

Unconditional Online Auction Sale
Guide Price* £450,000

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Joint Agent


Agreement Documents


Further Details


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