9 bed block of flats for sale

Portland Road Hove, Hove BN3

Lot Number: 245
Bidding Start Price: £800,000

tenure: Freehold

Kindly Note: Offers accepted before the Auction
For Legal Pack and other information about this plot, please, visit: Websold dot co dot UK by searching Lot number 245

Description
for sale by auction: Investment opportunity
Semi-detached property consisting of six licenced HMO studios and two self-contained flats


Potential to develop all to self-contained apartments
Currently Generating an annual rental income of £76,080

Five W/Cs & Five Shower/Bath Rooms in total
See floor plans for the layout

Accommodation & Tenancy Schedule

HMO Studio 1
Let at £695 pcm (£8,340) pa
(Ground floor)
Reception room, open plan kitchen
EPC Rating: E

HMO Studio 2
Let at £675PCM (£8,100) pa
(Ground floor)
Reception room, open plan kitchen
EPC Rating: E

HMO Studio 3
Let at £675 pcm (£8,100) pa
(First floor)
Reception room, open plan kitchen
EPC Rating: C

HMO Studio 4
Let at £700 pcm (£8,400) pa
(First floor)
Reception room, open plan kitchen
EPC Rating: E

HMO Studio 5
Let at £750 pcm (£9,000) pa
(First floor)
Reception room open plan kitchen
EPC Rating: E

HMO Studio 6
Let at £750 pcm (£9,000) pa
(Second floor)
Reception room, open plan kitchen.
EPC Rating: E

Flat 7
Let at £900 pcm (£10,800) pa
(Second floor)
Reception room, open plan kitchen, one bedroom & bathroom room
EPC Rating: D

Studio Rooms 8 & 9
Let at £1,350 pcm (£16,200) pa
(Ground floor, currently arranged as a one-bedroom self-contained apartment) with its private entrance and south-facing patio. Reception, with open plan kitchen, bathroom, W/C & Bedroom.

EPC Ratings
Room 8: D
Room 9: E

Total current annual rental income £77,940 pa

Rents are inclusive of water rates, and exclusive of council tax and electric utilities. Each unit has its own electric meter.

Style
Three-storey Victorian semi-detached property.
Currently arranged as 6 licensed HMO rooms/studios and two self-contained flats

Location
26 Portland Road, Hove, BN3 5DJ
The property is located on the popular Portland Road, close to shops, bars, cafes and restaurants.
It is within easy reach of Hove Seafront, the main train station, and shops.

Parking: Permit Parking
Council Tax Band E

Note: Viewings can be arranged by appointment only. Kindly contact us to book your slot.
Additional information


Buyer instructions: This property is available for sale immediately via the auction method on a first come first serve basis. For Legal Pack and other information about this plot please visit websold dot co dot uk and search for Lot number 245. You will need to register yourself to place an offer or buy the property.

If you have any questions, please email us by filling in the information on the property portals.

This land is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 28/84 days (as mentioned in the legal pack). However, all reasonable endeavors must be made to exchange contracts asap following the draft contract being received by the buyer's solicitor.

This property is sold subject to payment of a non-refundable 10% deposit.

The estate agent and auctioneer may recommend the services of other providers to you, for which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted.

Important Notice

1. Aml (Money Laundering Regulations): Buyers will be required to register themselves with as a buyer and clear the compliance checks before bidding, placing an offer, or buying

2. The Sales particulars are only a general guide to the property however, we make our sales particulars fair and accurate to the best of our knowledge

3. These particulars are not part of any offer or contract. The buyers should independently verify the particulars

4. The measurements indicated are supplied for guidance only
Property Ref: 245
For viewing arrangement, please use websold online viewing system.

If calling, please quote reference: 245

gdpr: Applying for above property means you are giving us permission to pass your details to the vendor or landlord for further communication related to viewing arrangement or more property related information. If you disagree, please write to us in the message so we do not forward your details to the vendor or landlord or their managing company.

Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing on the sale.

General: While we endeavor to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact websold and we will be pleased to check the position for you, especially if you are contemplating traveling some distance to view the property.

Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering any household goods, carpets or any built-in furniture.

Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers or tenant to commission their own survey or service reports before finalizing their offer to purchase.

Disclaimer: Websold is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible.
Please inform us if you become aware of any information being inaccurate.