Terraced house for sale in 145 Warwick Road, Carlisle, Cumbria CA1

For sale by auction on Thursday, 18 Jul 2024 at 12:00

Venue: The Halston Hotel, 20-34 Warwick Road • CA1 1AB

Residential investment property producing £18,814 per annum income

A three storey terraced property comprising 3 self contained flats, all fully let on Assured Shorthold Tenancies, producing an immediate income of £18.814 per annum equating to a gross yield of approximately 14% at the guide price.

This residential investment property is well presented and conveniently located close to the City centre and all amenities.

The Ground Floor tenant has handed their notice to leave. One months notice from 1st August 2024. We have been informed that a monthly rent of £600pcm may now be achieved.

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Ground Floor Flat - let at £5,494 per annum
Hall

Sitting room 16'9 x 16' with bay window

Bedroom 15' x 14'9 overall

Dining Room 15'9 x 7'9

Kitchen 10' x 9'9

Wet room 10' x 9'3

nb: The tenant has handed in their notice to leave. One months notice from 1st August 2024.

We have been informed that a monthly rent of £600pcm may now be achieved.

First Floor Flat - let at £6,660 per annum
Hall

Sitting room 16'3 x 10'

Kitchen 10' x 6'6

Bedroom 14'9 x 7'6

Bathroom 11'6 x 6'

Top Flat - let at £6,660 per annum
Details to follow

EPC Rating: Fee

Additional Fees
Administration Charge - £1200 inc VAT payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.