Rooms

Description
5 Bedroom / Ensuite HMO Conversion with an estimated £40,000 worth of investment remaining for completion. All Building Regs have been signed off and are up to date (Confirmation available upon request). Completed works include; - Internal remediations works & steels - Bathrooms tiled - Ground Floor plastering - New updated water tanks installed in the loft - New Windows / Doors - First fix Electric / Plumbing

Location
The property is located on well established residential street, facing Leek Road, Stoke-on-Trent. The Property mix on Egerton Street comprises almost entirely of Rentals & HMOs due to the proximity to both Staffordshire University & Stoke College, less than 1km away. The area is well serviced by public transport, with regular bus routes, including the No.25, to Hanley, the cities CBD. Stoke Train station is located within walking distance, which sits the Stafford to Manchester branch of the West Coast Main Line. It also provides an interchange between local services running through Cheshire, Staffordshire and Derbyshire.

Accommodation / Rental Values
The property comprises; 1. Bedroom + Ensuite - £100 per week 2. Bedroom + Ensuite - £100 per week 3. Bedroom + Ensuite - £100 per week 4. Bedroom + Ensuite - £100 per week 5. Bedroom + Ensuite - £100 per week 6. Communal Area / Kitchen 7. Utility Room The total estimated annual income from the property once completed is expected to be in the region of £24,000.

Tenure
Freehold with vacant possession upon completion.

VAT
All prices quoted by Butters John Bee are exclusive of VAT unless otherwise stated. All interested parties should make their own enquiries to satisfy themselves with the VAT position.

Common Auction Conditions
This property is sold subject to our Common Auction Conditions (a copy is available on request).

Buyers Admin Fee.
A buyers administration fee of £1,000 plus VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date.

Legal Pack
Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website . Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendor's solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them.

Addendum
Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue.

Legal Costs
Please refer to the auction pack in respect of any legal fees or search fees which may be due upon exchange or completion.

Viewings
The site can be inspected from the Public Highway – no appointment is necessary.

Disclaimer
Butters John Bee Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering purchasing your property in order to rent, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above. Butters John Bee Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.