4 bedroom House of Multiple Occupation in Cleethorpes
85 Park Street, Cleethorpes, DN35 7NB
- Lot No: 96a
- Property Type: House of Multiple Occupation
- Contract Type: Unconditional with Variable Fee
Guide Price* £75,000+ plus fees
Property Description
The property currently has four bedrooms but this could be extended to five bedrooms subject to obtaining the necessary permissions. Three of the rooms at present are vacant and one is let. Potential income when fully let £18,000 per annum which equates to a 22.5% yield on guide price. The auctioneers have not inspected the property and the photographs provided are for reference only and may not represent the properties current decor or state of repair.
NOTE:
Under the Estate Agents Act 1978 interested parties are advised that the seller is an associate of SDL Property Auctions.
Tenure
Freehold
- 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.
Auction Details
Date 25th March 2021
Venue National Property Auction
The National Property Auction will be conducted behind closed doors by auctioneers Andrew Parker and Graham Penny. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.
Lot Information
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