FOR SALE BY AUCTION. Starting bid £630,000. Terms and conditions apply.
This freehold investment opportunity is situated in the center of Hounslow next to the Hounslow British Rail Station and comprises of two units.
First a large ground floor three double bedroom apartment with courtyard garden which could achieve a rental of approximately £1450pcm.
The second, a first floor four bedroom unit with rooms of varied sizes and a communal bathroom which with some modernization could achieve a rental income of £1250pcm.
The current owner purchased the property in December 1995, and since then we are advised that he has added an extension of two rooms to the rear of the premises, a complete new roof, boarded loft, had the property re-wired and re-plumbed, and had 80% new rendering.
The property is being sold with tenants in Situ.
Terms And Conditions
This property is being sold subject to unconditional reservation fee auction terms and conditions. A legal pack is available to download to allow buyers to make an informed decision on their purchase. We advise that buyers download this legal pack prior to bidding. A deposit will be payable of 5% of the purchase price, which contributes toward the overall purchase price of the property. In addition to the purchase price, a reservation fee of 4.5% including VAT subject to a minimum of £6,000 including VAT is payable and does not form part of the purchase price. All deposits and reservation fees are payable on a non-refundable basis. Where a reservation fee is payable by the buyer, the seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed taking this into consideration.