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Lot 15

HMO - 5 Bedsits Gross - Yield 11.2%
6 Week Completion

Situation

Located on the west side of Watford Road, close to the junction with Sudbury Court Drive and the John Lyon roundabout in this well established parade.
North Wembley Station (Bakerloo and Lioness Lines) and Sudbury & Harrow Road Station (Chiltern Railways) are both under 1 mile away.
Northwick Park and Elmwood Park are within walking distance and Harrow town centre, with its multiple shopping facilities, is approx. 1½ miles to the north.

Property

Comprising an HMO on the entire first and second floors of this mid terraced building accessed from its own ground floor front entrance and currently divided into 5 Bedsits (4 with their own Shower/WC) and each benefitting from uPVC double glazing and gas central heating.
In addition, the property includes a communal Kitchen on the first floor.

Note: Refer to the Auctioneers for the internal photos.

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 21st March 2017 at a peppercorn ground rent.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

205a Watford Road, Harrow, Middlesex HA1 3UA