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" Guide Price = £1,650,000+ **For Sale By Public Auction 7th February 2024 09:30 AM To inspect the legal documents for this property go to our website www.auctionhouselondon.co.uk to download the legal pack** A Substantial Terraced HMO Arranged to Provide 33 x Studio Rooms Producing a Net Income of £165,000 Per Annum Tenure Freehold Location The property is situated on a residential road close to local shops and amenities. The open spaces of Grange Park are within easy reach. Transport links are provided by Longport rail station. Description The property comprises a substantial terraced HMO arranged to provide thirty three studio rooms over the ground and first floors. Accommodation 33 x Studio Rooms each with En-Suites and Kitchenettes 2 x Communal Reception Rooms 4 x Communal Kitchens 2 x Offices 2 x Laundry Rooms Exterior The property benefits from eighteen car spaces. Tenancy The property is subject to a lease for a term of 5 years to Above N Beyond Ltd commencing 23rd August 2023 at a rent of £165,000 per annum. There is a 3 year break clause with 6 month‘s notice. The tenant is responsible for utility and maintenance costs, taxes and rates payable. Viewing Schedule (Booking Required) Thursday 25 January 12:00 - 12:30 Tuesday 30 January 12:00 - 12:30 "