Charles Henry Peppiatt are delighted to present this fully licensed freehold HMO investment, ideally located on the sought-after Stanhope Gardens in Harringay.
The property is fully let and currently generates a gross annual rental income of £58,200. Arranged over three floors and extending to approximately 1,415 sq ft (131.5 sq m), it has been thoughtfully configured into four self-contained one-bedroom flats, each with a private shower room and open-plan kitchen/living area. A private rear garden further enhances the ground floor accommodation.
Ideally positioned close to Green Lanes, with its excellent selection of cafés, restaurants, supermarkets and independent retailers, the property is also within easy reach of Harringay Green Lanes Overground, Harringay Railway Station and Manor House Underground Station (Piccadilly Line), providing convenient access to King's Cross, the City and the West End.
Finsbury Park and the Parkland Walk Nature Reserve are also nearby, offering excellent green spaces and leisure facilities.
An excellent opportunity to acquire a fully licensed HMO with established rental income in a popular North London rental location.
Auctioneer Comments:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £9,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
| Tax Band | % | Taxable Sum | Tax |
|---|
