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7 bedroom terraced house for sale
38 Teville Road, Worthing, West Sussex, BN11 1UG
£495,000
38 Teville Road, Worthing, West Sussex, BN11 1UG
£495,000
Our Summary
- 7 Bed HMO Currently Let To Worthing Council with Guaranteed Rent of In Excess of £54,000 Per Annum - Freehold Guide Price £495,000 * Buyers Premium Applies For sale by public auction
- unconditional online auction
- Town & Country Property Auctions are delighted to offer For Sale by Public Auction this registered 7 bedroom HMO, refurbished approximately 5 years ago and equipped for purpose, individual rooms fitted with electric meters, separate electric meter for communal areas
- The property will be entered into our 28th November auction which is held online and starts at 10am
- The auction conditions require a full legal completion 56 days following the auction (unless otherwise stated)
- Pre Auction Offers Are ConsideredThe seller of this property may consider a pre-auction offer prior to the auction date
- All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit
- To make a pre-auction offer we will require two forms of ID,
Description
This 7-bedroom HMO property is currently let to Worthing Council with a guaranteed rent of over £54,000 per annum, making it an attractive investment opportunity. The property has been refurbished approximately 5 years ago and features individual rooms with electric meters, as well as a separate meter for communal areas. The HMO is located just a 2-minute walk from Worthing Station and a 10-minute walk to the town business centre, making it an excellent location for tenants. The property is freehold and comes with a 4-year contract in place with Worthing Council, providing a stable income stream. With a guide price of £495,000, this property is being sold by public auction, with an unconditional online auction taking place on November 28th. Buyers must register to bid and download the legal pack to participate.