New
Six Bedroom Licenced HMO – Partially Let To Professional Tenants – High Yield 20.55% Gross – Potential Income £28,080
Features
Fully Licenced Six Bedroom HMO
Previously fully Occupied To Professionals
Potential Income £28,340
20.25% Gross Yield
Combination boiler
Close to local amenities
Freehold
Half a mile from the coast
Approximately 138 sqm/ 1485 sq ft (From EPC)
Location
The property is located on the western side of Legsby Avenue in the area of South Grimsby.
Nearby local amenities include Sainsburys Local along with various local independent retailers and the 23 acre Peoples Park.
The town of Grimsby is just a 10 minute walk from the property and provides a wider range of shops and amenities including a high street shopping centre, various banks and the mainline railway station providing access to other nearby towns and cities including Lincoln and Nottingham.
There is also a good road network in the nearby vicinity giving good access to the motorway.
Description
• For sale By Online Auction: 22nd – 23rd August 2018
• Guide Price: £140,000 – £160,000
• Six Bedroom HMO
• Freehold
• Previous Income £28,340
This six bedroom fully compliant HMO is entered via the front palisade garden to the main hallway. To the ground floor there are two bedrooms, a shower room with separate toilet, a communal lounge / dining area with fully fitted kitchen hosting a range of base and eye level units, integrated oven & hob and door to the rear garden that benefits from maintenance free artificial grass.
To the first floor there are a further 3 double bedrooms, a single bedroom and a family bathroom.
To the outside of the property there is unrestricted on street parking.
Accommodation
The property is 138m2 (1485 ft2) Taken from the EPC register
Services
We understand the property has mains gas, electricity, water and drainage. However, interested parties should carry out their own investigations.
Investment Analysis
The property has previously generated an income of £28,340 per annum, this represents a gross yield of 20.05 % based on the lower guide price. The tenants are all employed. Previous rentals were as follows: 2 x£100 pw, 2 x £90 pw, 1 x £85 pw, 1 x £80 pw. The landlord is responsible for all utilities, and council tax, this equates to around £3,200 pa. This would represent a net yield of 17.95%. The present landlord advises two of the tenants have been in occupation for two years, the remaining four were contract workers, however their one year contract has just finished so these rooms are now vacant, but easily re-lettable.
Council Tax
The property is rated in Council Tax Band A, approximate council tax payable per annum is £1,189.
Guide Price
£140,000 – £160,000+
Buyers Premium
2% (minimum £3,600 inc.VAT)
Sell your property
If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
• 0% Seller Fee
• £0 Entry Fee
• £0 Marketing Costs
• 20 Working Day Completion
• Monthly Auctions
Fully Licenced Six Bedroom HMO
Previously fully Occupied To Professionals
Potential Income £28,340
20.25% Gross Yield
Combination boiler
Close to local amenities
Freehold
Half a mile from the coast
Approximately 138 sqm/ 1485 sq ft (From EPC)
Location
The property is located on the western side of Legsby Avenue in the area of South Grimsby.
Nearby local amenities include Sainsburys Local along with various local independent retailers and the 23 acre Peoples Park.
The town of Grimsby is just a 10 minute walk from the property and provides a wider range of shops and amenities including a high street shopping centre, various banks and the mainline railway station providing access to other nearby towns and cities including Lincoln and Nottingham.
There is also a good road network in the nearby vicinity giving good access to the motorway.
Description
• For sale By Online Auction: 22nd – 23rd August 2018
• Guide Price: £140,000 – £160,000
• Six Bedroom HMO
• Freehold
• Previous Income £28,340
This six bedroom fully compliant HMO is entered via the front palisade garden to the main hallway. To the ground floor there are two bedrooms, a shower room with separate toilet, a communal lounge / dining area with fully fitted kitchen hosting a range of base and eye level units, integrated oven & hob and door to the rear garden that benefits from maintenance free artificial grass.
To the first floor there are a further 3 double bedrooms, a single bedroom and a family bathroom.
To the outside of the property there is unrestricted on street parking.
Accommodation
The property is 138m2 (1485 ft2) Taken from the EPC register
Services
We understand the property has mains gas, electricity, water and drainage. However, interested parties should carry out their own investigations.
Investment Analysis
The property has previously generated an income of £28,340 per annum, this represents a gross yield of 20.05 % based on the lower guide price. The tenants are all employed. Previous rentals were as follows: 2 x£100 pw, 2 x £90 pw, 1 x £85 pw, 1 x £80 pw. The landlord is responsible for all utilities, and council tax, this equates to around £3,200 pa. This would represent a net yield of 17.95%. The present landlord advises two of the tenants have been in occupation for two years, the remaining four were contract workers, however their one year contract has just finished so these rooms are now vacant, but easily re-lettable.
Council Tax
The property is rated in Council Tax Band A, approximate council tax payable per annum is £1,189.
Guide Price
£140,000 – £160,000+
Buyers Premium
2% (minimum £3,600 inc.VAT)
Sell your property
If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
• 0% Seller Fee
• £0 Entry Fee
• £0 Marketing Costs
• 20 Working Day Completion
• Monthly Auctions
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58, Legsby Avenue, Grimsby, DN32 0NE
Six Bedroom Licenced HMO – Partially Let To Professional Tenants – High Yield 20.55% Gross – Potential Income £28,080
Type: House, Residential
Location:
58 Legsby Avenue, DN32 0NEGBGrimsbyLincolnshireDN32 0NE58, Legsby Avenue
Size:
138 Sq M
Images: 14
Brochures:
1
New
Greengates has a high degree of privacy and seclusion and is set in approximately 1.55 acres
** UNSOLD, PLEASE REFER TO AUCTIONEER **
Greengates enjoys a private and secluded situation to the east of Brigg Road (A15 Ermine Street) within half a mile of the A46 bypass and within 2.50 miles of the centre of the historic City of Lincoln and the wealth of cultural facilities and amenities that it affords. There is easy access to the surroundings towns of Market Rasen, Scunthorpe, Gainsborough and Newark from which London Kings Cross is approximately an 80 minute journey. Leisure facilities and golf courses are easily accessible.
Description:
Greengates has a high degree of privacy and seclusion and is set in approximately 1.55 acres (0.63 hectares) of grounds and paddock and therefore affords considerable scope for the family interested in country life and rural pursuit and yet being within a few minutes drive of the centre of the vibrant University City of Lincoln. This is a residence of considerable charm and character constructed of rustic brick under multi pitched pantiled roofs. It has the benefit of 3 reception room, 4 double bedrooms, uPVC double glazing and oil fired central heating from a Stanley cooking range. This is a delightful family home with potential for further extension, subject to the usual consents. The accommodation comprises:-
Tenure
Freehold
Ground Floor:
Entrance Porch:
1.43m x 1.95m (4’8 x 6’4) hardwood front door, leaded light window.
Cloakroom:
Pedestal wash basin with mirrored splashback, low flush w.c., two uPVC double glazed windows, fitted shelves, radiator.
Drawing Room:
7.72m x 3.80m (25’3 x 12’5) plus south facing bay window 2.68m x 1.32m (8’9 x 4’3) uPVC double glazed French doors to the patio under the balcony. Claygate type rustic brick fireplace with provision for open fire flanked by two uPVC double glazed windows, beamed ceiling, delph rack, built in cupboard with leaded light door, wall light points, three radiators.
Dining Room:
5.31m x 3.79m (17’5 x 12’5) Claygate type brickette fireplace with provision for open fire, flanked by two uPVC double glazed windows, similar south facing window, radiator.
Lobby: from Drawing Room giving access to:
Study:
3.14m x 2.56m (10’3 x 8’4) maximum, picture rail, built in bookshelves, east facing uPVC double glazed window, radiator in recess.
Half Tiled Kitchen:
4.78m x 2.66m (15’8 x 8’8) ceramic tiled floor, range of built in drawer and cupboard units, double drainer stainless steel sink unit with mixer tap, matching eye level cupboards, Stanley oil fired cooker with boiler for central heating and domestic hot water, three uPVC double glazed windows.
Open Rear Entrance Lobby:
1.62m x 2.34m (5’3 x 7’8) ceramic tiled floor, back door to outhouses, range of deep built in storage cupboards. Open to:
Breakfast/Utility Area:
3.28m x 2.47m (10’9 x 8’1) maximum, ceramic tiled floor, built in storage cupboard with part glazed doors, uPVC double glazed window. Walk-in Pantry with fitted shelves.
Curving Staircase from Drawing Room to First Floor Landing:
Built in linen cupboard.
Master Bedroom:
3.78m x 5.84m (12’4 x 19’1) to the front of a range of two double built in wardrobes with locker cupboards over, pedestal wash basin with tiled splashback, two small south facing uPVC double glazed windows, matching west facing French doors to south facing balcony, two radiators.
Bedroom:
3.82m x 3.05m (12’6 x 10’0) including two double built in wardrobes with louvred doors and matching cupboard, uPVC double glazed windows to the west and south, pedestal wash basin with mirrored tiled splashback. Radiator.
Bedroom:
3.70m x 3.52m (12’1 x 11’6) pedestal wash basin, east facing uPVC double glazed window, radiator.
Bedroom:
2.68m x 4.55m (8’9 x 14’11) including built in wardrobe with sliding doors, pedestal wash basin, uPVC double glazed windows to the west and north, radiator
Part Tiled Shower Room:
Corner shower cubicle with electric shower, pedestal wash basin, low flush w.c., three uPVC double glazed windows, radiator. Access to large roof space.
Bathroom:
3.03m x 2.10m (9’11 x 6’10) white suite comprising panelled bath, pedestal wash basin, low flush w.c., uPVC double glazed window, radiator.
Outside:
The property is approached from Ermine Street via a gated entrance. The driveway serves a detached brick built Garage with flat roof and also a range of quaint brick built outbuildings with steeply pitched hipped pantiled roofs comprising: Garage 5.43m x 2.79m (17’9 x 9’1) electric light and power. Double doors to store with oil storage tank and fuel store at the rear. To the east are enclosed lawned gardens with ornamental well with attractive fishpond in a secluded area near to the entrance porch. To the south is a grass paddock. The total site area is in the region of 1.55 acres (0.63 hectares).
General Remarks
Possession
Vacant possession will be give upon completion.
Viewing
Strictly by appointment with Auction House.
Services
Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
Property Misdescription Act 1991
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town & Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
Energy Efficiency Rating (EPC)
Current Rating F
Services
Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.
Local Authority
Lincolnshire County Council
Solicitors
Burton & Dyson, 22 Market Place, Gainsborough, DN21 2BZ, Ref: Rhonda Rushby, Tel: 01427 610761
Additional Fees
Administration Charge - £600 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Viewing Times
Please call Auction House Lincolnshire, North Notts & South Yorks on 01427 616436 to arrange a viewing
Greengates enjoys a private and secluded situation to the east of Brigg Road (A15 Ermine Street) within half a mile of the A46 bypass and within 2.50 miles of the centre of the historic City of Lincoln and the wealth of cultural facilities and amenities that it affords. There is easy access to the surroundings towns of Market Rasen, Scunthorpe, Gainsborough and Newark from which London Kings Cross is approximately an 80 minute journey. Leisure facilities and golf courses are easily accessible.
Description:
Greengates has a high degree of privacy and seclusion and is set in approximately 1.55 acres (0.63 hectares) of grounds and paddock and therefore affords considerable scope for the family interested in country life and rural pursuit and yet being within a few minutes drive of the centre of the vibrant University City of Lincoln. This is a residence of considerable charm and character constructed of rustic brick under multi pitched pantiled roofs. It has the benefit of 3 reception room, 4 double bedrooms, uPVC double glazing and oil fired central heating from a Stanley cooking range. This is a delightful family home with potential for further extension, subject to the usual consents. The accommodation comprises:-
Tenure
Freehold
Ground Floor:
Entrance Porch:
1.43m x 1.95m (4’8 x 6’4) hardwood front door, leaded light window.
Cloakroom:
Pedestal wash basin with mirrored splashback, low flush w.c., two uPVC double glazed windows, fitted shelves, radiator.
Drawing Room:
7.72m x 3.80m (25’3 x 12’5) plus south facing bay window 2.68m x 1.32m (8’9 x 4’3) uPVC double glazed French doors to the patio under the balcony. Claygate type rustic brick fireplace with provision for open fire flanked by two uPVC double glazed windows, beamed ceiling, delph rack, built in cupboard with leaded light door, wall light points, three radiators.
Dining Room:
5.31m x 3.79m (17’5 x 12’5) Claygate type brickette fireplace with provision for open fire, flanked by two uPVC double glazed windows, similar south facing window, radiator.
Lobby: from Drawing Room giving access to:
Study:
3.14m x 2.56m (10’3 x 8’4) maximum, picture rail, built in bookshelves, east facing uPVC double glazed window, radiator in recess.
Half Tiled Kitchen:
4.78m x 2.66m (15’8 x 8’8) ceramic tiled floor, range of built in drawer and cupboard units, double drainer stainless steel sink unit with mixer tap, matching eye level cupboards, Stanley oil fired cooker with boiler for central heating and domestic hot water, three uPVC double glazed windows.
Open Rear Entrance Lobby:
1.62m x 2.34m (5’3 x 7’8) ceramic tiled floor, back door to outhouses, range of deep built in storage cupboards. Open to:
Breakfast/Utility Area:
3.28m x 2.47m (10’9 x 8’1) maximum, ceramic tiled floor, built in storage cupboard with part glazed doors, uPVC double glazed window. Walk-in Pantry with fitted shelves.
Curving Staircase from Drawing Room to First Floor Landing:
Built in linen cupboard.
Master Bedroom:
3.78m x 5.84m (12’4 x 19’1) to the front of a range of two double built in wardrobes with locker cupboards over, pedestal wash basin with tiled splashback, two small south facing uPVC double glazed windows, matching west facing French doors to south facing balcony, two radiators.
Bedroom:
3.82m x 3.05m (12’6 x 10’0) including two double built in wardrobes with louvred doors and matching cupboard, uPVC double glazed windows to the west and south, pedestal wash basin with mirrored tiled splashback. Radiator.
Bedroom:
3.70m x 3.52m (12’1 x 11’6) pedestal wash basin, east facing uPVC double glazed window, radiator.
Bedroom:
2.68m x 4.55m (8’9 x 14’11) including built in wardrobe with sliding doors, pedestal wash basin, uPVC double glazed windows to the west and north, radiator
Part Tiled Shower Room:
Corner shower cubicle with electric shower, pedestal wash basin, low flush w.c., three uPVC double glazed windows, radiator. Access to large roof space.
Bathroom:
3.03m x 2.10m (9’11 x 6’10) white suite comprising panelled bath, pedestal wash basin, low flush w.c., uPVC double glazed window, radiator.
Outside:
The property is approached from Ermine Street via a gated entrance. The driveway serves a detached brick built Garage with flat roof and also a range of quaint brick built outbuildings with steeply pitched hipped pantiled roofs comprising: Garage 5.43m x 2.79m (17’9 x 9’1) electric light and power. Double doors to store with oil storage tank and fuel store at the rear. To the east are enclosed lawned gardens with ornamental well with attractive fishpond in a secluded area near to the entrance porch. To the south is a grass paddock. The total site area is in the region of 1.55 acres (0.63 hectares).
General Remarks
Possession
Vacant possession will be give upon completion.
Viewing
Strictly by appointment with Auction House.
Services
Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
Property Misdescription Act 1991
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town & Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.
Energy Efficiency Rating (EPC)
Current Rating F
Services
Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.
Local Authority
Lincolnshire County Council
Solicitors
Burton & Dyson, 22 Market Place, Gainsborough, DN21 2BZ, Ref: Rhonda Rushby, Tel: 01427 610761
Additional Fees
Administration Charge - £600 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Viewing Times
Please call Auction House Lincolnshire, North Notts & South Yorks on 01427 616436 to arrange a viewing
Greengates, Brigg Road, Lincoln, LN2 2LB
Greengates has a high degree of privacy and seclusion and is set in approximately 1.55 acres
Type: House, Residential
Location:
Greengates Brigg Road, Lincoln, LN2 2LBGBLincolnLincolnshireLN2 2LBGreengates, Brigg Road
Size:
1.55 Acres
Images: 17
Brochures:
1
A Vacant Commercial & Residential Building Comprising A Ground Floor Cafe with a Self-Contained One Bedroom Flat Above.
*UNSOLD, THE LAST BID WAS £70,000. PLEASE REFER TO AUCTIONEER FOR RESERVE*
Tenure
Freehold
Location
The property is situated at the junction between High Street and Cemetery Road close to local shops and amenities. The open spaces of St. Francis Grove Playing Area are within easy reach. Transport links are provided by the nearby A46 with links to Grimsby.
Description
The property comprises a mid terrace building arranged over ground and first floors currently arranged as a ground floor shop with a self-contained flat on the first floor.
Accommodation
Ground Floor
Cafe/Shop Area
First Floor
One Bedroom Flat
Notes
Auction House London has not inspected the property. Buyers are advised to make their own enquiries.
Addendum
Please note that this property is subject to a Buyers Premium of £900 inc VAT. This is in addition to the buyer's admin fee of £900 inc VAT charged by the auctioneers.
Tenure
Freehold
Location
The property is situated at the junction between High Street and Cemetery Road close to local shops and amenities. The open spaces of St. Francis Grove Playing Area are within easy reach. Transport links are provided by the nearby A46 with links to Grimsby.
Description
The property comprises a mid terrace building arranged over ground and first floors currently arranged as a ground floor shop with a self-contained flat on the first floor.
Accommodation
Ground Floor
Cafe/Shop Area
First Floor
One Bedroom Flat
Notes
Auction House London has not inspected the property. Buyers are advised to make their own enquiries.
Addendum
Please note that this property is subject to a Buyers Premium of £900 inc VAT. This is in addition to the buyer's admin fee of £900 inc VAT charged by the auctioneers.
1, Cemetery Road, Grimsby, DN37 7EP
A Vacant Commercial & Residential Building Comprising A Ground Floor Cafe with a Self-Contained One Bedroom Flat Above.
Type: Flat, General Retail, Restaurant/Cafes, Mixed Use, Restaurant/Cafes, Residential, Restaurant/Cafes, Retail, Other Property Types & Opportunities
Location:
1 Cemetery Road, DN37 7EPGBGrimsbyLincolnshireDN37 7EP1, Cemetery Road
Size:
Images: 1
Brochures:
1