House of Multiple Occupation
The property is split into two areas Number 85 and 87 Curzon Street, and are advertised independently to students in 85 and private room lets in 87.
Both properties run off of one set of meters, boiler and electrics.
Current rental income of 85 Curzon Street - £13,803 per annum(based on a 43 week tenancy)
Rental income for 2023/24 - £17,940 per annum (based on a 52 week tenancy)
Current rental income of 87 Curzon Street(individual room lets)-
Room 1 , 2 & 3 - £4,096 per annum
Room 4 - £3,352 per annum
Room 5 - £4,017 per annum
Rental income for 2023/24 - currently not arranged to be let
Three double bedrooms, good size bathroom, fully fitted kitchen and open plan lounge. All recently refurbished within past 3/4 years.
High standard, highly desirable three bedroom student property, which we are informed lets out regularly with ease. One bedroom, slightly smaller than the others and two generous double bedrooms. There is no external space or parking facilities.
Five double bedrooms(decorated within past 3/4 years), large bathroom and shower room, lounge/diner and separate fully fitted kitchen with external rear enclosed garden. There is no parking facilities.
Please be advised that whilst our joint agent has conducted an inspection, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
