Block of flats for sale

12- 14 Bridge Road, Sutton Bridge, Spalding, Lincolnshire PE12

For sale by auction on Wednesday, 11 Sep 2024 at 11:00

Venue: Livestream Auction

An eleven bedroom licensed HMO (house of multiple occupancy) currently producing £47,320 per annum ( £910 per week)

This licenced HMO is located in the village of Sutton Bridge. The property is split over four levels, with the accommodation briefly comprising eleven bedrooms (all having a hand basin), a communal living room and laundry area, two kitchens and two bathrooms. Outside there is a lawn and paved patio area.

Sutton Bridge is a small market town off the A17, with access to the larger towns of King's Lynn and Spalding. There are local shopping facilities and restaurants in the village.

Accommodation
Eleven bedrooms, communal living area, two kitchens, two bathrooms, communal laundry room

Outside
Lawn and patio area to rear

Council Tax band
B


EPC Rating: E

Additional Fees
Buyers Premium: £1200 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

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

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.