HMO in SE2

Abbey Wood Road, London, London, SE2 9NP

Brochure

Tenure: Freehold

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Starting bid£475,000

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Key Information

Parking: On Street

Property features

MID-TERRACE 5 BEDROOM HMO PROPERTY
UPSTAIRS BATHROOM & SEPARATE SHOWER ROOM
GAS CENTRAL HEATING / DOUBLE GLAZING
IN NEED OF SOME MODERNISATION
GROUND FLOOR W/C
COMMUNAL ROOM & KITCHEN
REAR GARDEN

HMO in SE2

FOR SALE BY AUCTION: terms and conditions apply.

This impressive former family home which is now licensed as a 5 room HMO is situated just a 9-minute walk to the Elizabeth Line Station at Abbey Wood. This property is currently fully tenanted with 5 tenants occupying.

INCOME - CURRENTLY AS BELOW;
1 - 560PCM
2 - 580pcm
3 - 575PCM
4 - 540PCM
5 - 500PCM
= £2,755pcm in total

Offering good sized accommodation throughout, this impressive property will make the perfect investment. The ground floor provides you with two Bedrooms, a Kitchen, a communal room and a separate W/C. Upstairs there are a further 4 Bedrooms along with the Bathroom and a separate Shower Room.

Benefiting from Double Glazing, Gas Central Heating (untested) and rear Garden.

Conveniently located just a short walk to shops including major supermarkets, schools, parkland, bus routes (including the SL3 and SL11 Super loop buses) and of course, the Elizabeth Line at Abbey Wood. With hundreds of acres of woodlands at Lesnes Abbey Woods & Bostall Woods nearby, this a fantastic area to live in!

This home while in need of some modernisation, offers a fantastic opportunity to purchase a substantial period property that generates a good level of income.

The area is also benefiting from the huge multi billion pounds of investment that is being spent in the area following the arrival of the Elizabeth Line Terminus at Abbey Wood.

Below are just a few of the journey times from the Elizabeth Line at Abbey Wood:-

Canary Wharf 11 minutes.
Liverpool Street 18 minutes.
Tottenham Court Road 23 minutes.
Paddington 28 minutes.

We strongly recommend your immediate viewing.

ADDITIONAL INFORMATION
Floor Area - 1173 sqft (109 sqm)
Council Tax Band D (London Borough of Greenwich)

Description

This impressive former family home which is now licensed as a 5 room HMO is situated just a 9-minute walk to the Elizabeth Line Station at Abbey Wood.

Location

Conveniently located just a short walk to shops including major supermarkets, schools, parkland, bus routes (including the SL3 and SL11 Super loop buses) and of course, the Elizabeth Line at Abbey Wood.

Tenure

Title number; SGL308285 - Freehold

EPC

This property’s energy rating is D.

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

Please log in to view and download the legal pack files.

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