Teville Road, Worthing, West Sussex, BN11

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 unconditional online auction. To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk 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. 4 year contract in place with Adur & Worthing Council - currently £54,600 / annum. This property is very well positioned being only 110m (2min walk) from Worthing Station, a 10 minute walk to the town business centre and a 15 minute walk to the seafront. Start earning immediately. The property will be entered into our 28th November auction which is held online and starts at 10am. You must register to bid and download the legal pack. PROPERTY FEATURES . Number of Bedrooms: 7 . Reception Rooms: 1 . HMO contract in place with Worthing Council. . Secure entrance lobby . Fitted intercom . Fitted door entry release system to all rooms . Excellent location . Council Tax Band: C . 56 Day Completion . Freehold TENANCY INFORMATION . Let on AST to Worthing Council . Agreed Rent of £54,600 Per Annum . Additional Room Electric Meter Income of Approx £2000 Per Annum . HMO Licence In Place Tenure Freehold UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a £5,000 or 5% deposit and a 2.5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 56 days following the auction (unless otherwise stated). Pre Auction Offers Are Considered The 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, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us. Special Conditions Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.