* Freehold
* HMO & commercial unit
* 6 bed HMO
* Circa £40, 000 per year income
* Fantastic investment
* Modernisation required
* Close to local shops
* Subject to reserve fee
* Buyers fee applies
* T&c's apply
* Modern method of auction
***investment opportunity***six bed HMO + commercial unit***
This 6 bed HMO & Commercial Unit is being offered For sale by Modern Method of
Auction; Starting Bid Price £360, 000 plus Reservation Fee.
This Freehold property is perfect for those looking for a great investment
opportunity with all room occupied it brings in circa 40k per annum giving you
an instant 10%+ return! Situated along the London Road, North End you are
perfectly located for local shops & transport links.
To arrange your internal viewing on this property, please call the Sales Team
in the Portsmouth Branch on .
**Commercial Unit**
Measurements to be confirmed on the Commercial Unit
**Entrance To Hmo Property**
**Communal Shower Room**
**Flat 1 Kitchen/Living Room**
**Flat 1 Bedroom**
**Wc**
**Private Garden**
**Landing**
**First Floor**
**Studio Room 2**
**Shower Room**
**Communal Kitchen**
**Bedroom 2A**
**Bedroom 3**
**En - Suite Shower Room**
**Second Floor**
**Studio Room 4**
**Shower Room**
**Communal Storage Room**
**Bedroom 5**
**En - Suite Shower Room**
**Council Tax**
The local authority is Portsmouth city Council.
Band : A – £1, 320. 51
**Conveyancing**
Choosing the right conveyancing solicitor is extremely important to ensure
that you obtain an effective yet cost - efficient solution. The lure of
supposedly cheaper on - line "conveyancing warehouse" style services can be very
difficult to ignore but this is a route fraught with problems that we strongly
urge you to avoid. A local, established and experienced conveyance will
safeguard your interests and get the job done in a timely manner. Bernards can
recommend several local firms of solicitors who have the necessary local
knowledge and will provide a personable service. Please ask a member of our
sales team for further details.
**Mortgage Advisor**
We offer financial services here at Bernards. If you would like to review your
current Agreement In Principle or are yet to source a lender, we have a number
of experienced Financial Advisors who will be happy to help.
**Offer Check Procedure**
If you are considering making an offer for this or any other property Bernards
Estate Agents are marketing, please make contact with your local office so we
can verify/check your financial/Mortgage situation.
**Auctioneer's Comments**
This property is for sale by the Modern Method of Auction. Should you view,
offer or bid on the property, your information will be shared with the
Auctioneer, iamsold Limited
This method of auction requires both parties to complete the transaction
within 56 days of the draft contract for sale being received by the buyers
solicitor (for standard Grade 1 properties). This additional time allows
buyers to proceed with mortgage finance (subject to lending criteria,
affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a
non - refundable Reservation Fee. This being 4. 2% of the purchase price
including VAT, subject to a minimum of £6, 000. 00 including VAT. The
Reservation Fee is paid in addition to purchase price and will be considered
as part of the chargeable consideration for the property in the calculation
for stamp duty liability. Buyers will be required to go through an
identification verification process with iamsold and provide proof of how the
purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents
in relation to the property. The documents may not tell you everything you
need to know about the property, so you are required to complete your own due
diligence before bidding. A sample copy of the Reservation Agreement and terms
and conditions are also contained within this pack. The buyer will also make
payment of £300 including VAT towards the preparation cost of the pack, where
it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve
Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties
to you. Whilst these services are recommended as it is believed they will be
of benefit; you are under no obligation to use any of these services and you
should always consider your options before services are accepted. Where
services are accepted the Auctioneer or Partner Agent may receive payment for
the recommendation and you will be informed of any referral arrangement and
payment prior to any services being taken by you.
**Disclaimer**
We advise to take own measurements on arrival as measurements taken on
floorplan may not be 100% accurate.

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