*Guide | £475,000 (plus fees)
- Detached House
- 8 Bedrooms
- Tenure: Freehold
Call the team on 01752 474200 for more information
House of Multiple Occupancy
A fully licensed and fully let eight-bedroom HMO in Newton Abbot, producing £64,800pa, a gross yield of 13.6% at the guide price. The property has a strong letting record, with 97.6% occupancy over the last two years and four rooms let continuously throughout that period. All tenants are in employment, and one has lived at the property since 2020. Rent has been paid in full every month for the last three years, with no arrears. The current owner refurbished and extended the property, and it is in excellent condition. The accommodation comprises a communal kitchen/breakfast room, eight double letting rooms each with an en-suite shower room, a laundry room and a boiler room with twin boilers. There is a Grade A fire alarm system and secure video intercom entry. Externally there is off-road parking and a rear garden.
Tenure
Freehold
AUCTIONEERS NOTE
The property is tenanted, full details can be found within the legal pack. Express planning consent for the current 8-person Sui Generis HMO use — Teignbridge DC ref 17/03073/FUL Clean VAT position: The property has not been opted to tax, so the sale is not subject to VAT.
FULL DETAILS
Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within the full property details, online, via our website. All published information is to aid identification of the property and is not necessarily to scale.
VIEWINGS
Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West on 03456 461361 to request a viewing.
NOTICE TO BIDDER
Please be aware that if your bid is successful on auction day the exchange of contracts will happen immediately after the auction.
Energy Efficiency Rating (EPC)
Current Rating D68
Local Authority
Teignbridge District Council
Solicitors
Wolferstans Solicitors, Ref: Connor Barclay, Tel: 01752 292256
Offered in association with
Complete Property Newton Abbot
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - £1200 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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
Floor Plans
Click the image to view the full-sized floorplan.
