LOT 80 - Upminster

3 Little Malgraves Cottages, Lower Dunton Road, Bulphan, Upminster, Essex, RM14 3TD

INVESTMENT - Freehold Twenty Bedroom Registered House in Multiple Occupation (HMO)

Sale Price

£1,066,000

Key Features
  • Total Floor Area (NIA) approximately 494.33 sq m (5,321 sq ft)
  • Eleven Bedsitting Rooms are subject to Assured Shorthold Tenancies and Nine Bedsitting Rooms are Vacant (See Tenancy Paragraph)
  • Site Area approximately 2.204 Hectares (5.445 Acres)
  • The property is fully licenced as an HMO (See both 'HMO Licence' and 'Planning' paragraphs)
  • Offers possible Development Potential, subject to consents
  • Includes a large area of off street parking and Grazing Land
  • Laindon station is situated approximately 2.2 miles away and provides regular services to London's Fenchurch Street station. District line Underground and London Overground services are also available from Upminster station approximately 9 miles to the west

Total Current Rent Reserved
£90,480 p.a. (equivalent) from Eleven Rooms
with Nine Rooms Vacant
Tenure

Freehold


LPA Receivers
Location
  • The property is situated on the east side of Lower Dunton Road and to the south of its junction with Old Church Hill from which the property benefits from a secondary access via a driveway
  • Local shops are available in Laindon, whilst Basildon town centre is also accessible less than 4 miles to the east
  • Laindon station is situated approximately 2.2 miles to the north east and provides regular services to London's Fenchurch Street station with a fastest journey time of approximately 34 minutes. The station also provides services to Southend-on-Sea
  • District line Underground and London Overground services are also available from Upminster station approximately 9 miles to the west
  • The A127 is to the north, the A13 is to the south and the M25 motorway is to the west
  • Langdon Hills Country Park, Willow Park and Marks Hill are all located within easy reach
  • Langdon Hills Golf and Country Club is located opposite the property
  • London Southend and London City Airports are also accessible (15 miles) to the west and 18 miles) to the east respectively
  • Basildon University Hospital is to the east
Accommodation
  • The property comprises a 16th/17th Century detached former Cottage and Three additional single storey former Agricultural Buildings to the rear which now provide a total of 20 Bedsitting Rooms with ancillary accommodation.
  • The buildings occupy a site which extends to approximately 2.204 Hectares (5.445 Acres) which partly comprises 20+ parking spaces and additional Grazing Land.
  • The property benefits from two separate access points off both Lower Dunton Road and Old Church Hill Road (currently closed).
HMO Licence
  • The property is included on Thurrock Council's Register of Licenced HMOs under Reference 20/00455/HMO.
Note on Accommodation and Floor Areas
  • The property was not internally inspected or measured by Allsop. The accommodation and floor areas included within these particulars were obtained from a valuation report and interested parties are advised to undertake their own investigations as to the exact extent of the property being sold and will be deemed to bid accordingly.
Planning
Local Authority: Thurrock Council
Website: https://www.thurrock.gov.uk/search-planning-records/planning-records-online 

The following Planning Permissions relate to the property:

1.     Change of use from C3 (Dwellinghouse) to 8 bedroom, 12 persons Larger House of Multiple Occupation falling under Sui Generis use. [Retrospective]
Reference - 21/01747/FUL
Date Granted - 5th January 2022

2.     Retention of change of use of three barn conversions as 12 bedsits to the rear of 3 Little Malgraves Cottages.
Reference - 18/00744/FUL
Date Granted - 10th August 2018

Copies of these Planning Consents and the associated floor plans are available for inspection within the legal pack.

The property offers possible development potential, subject to obtaining all necessary consents. Redrow Homes have recently completed construction of a development less than 200m from the site which is named 'The Shires, Bulphan'.
Viewings

The property will be open for viewing on Monday 28th March 2022 between 10:00 - 11:00 (Ref: LH). This will be a open block viewing time and there is no need to register. We intend to show as many of the vacant rooms as possible, but given we will be collecting the keys shortly before the viewing, we cannot guarantee how many rooms we will actually be able to provide access to. If you are unable to attend this viewing, we intend to update the particulars of sale with a further range of internal photographs showing the vacant rooms once we have had access.

Additional Charges
  • Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.
Contacts
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Important notice - Pre-registration approval to bid, guide prices, reserves, additional charges and other matters

Pre-registration approval to bid Allsop now require all bidders who wish to bid at our Auctions to register beforehand. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given. Please use the links on our website to pre-register. Following approval to bid, the buyer named in your registration cannot be changed without consent (for which a charge might be made). Guide Prices 1. A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price. 2. Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure. 3. The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website and you should check the website regularly for updates and on the day of the auction. 4. All guide prices are quoted "subject to contract". 5. Please note the guide price for the Lot does not include: - any Buyers' Fee charged by the auctioneers; - VAT on the sale price; - SDLT or any other Government taxes; - additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers. 6. If a guide price is listed as "TBA", it means no guide price has been set at present. Please do not call our office about this - the guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction. Reserve Prices 7. The reserve price is the minimum price at which the Lot can be sold. 8. Whilst every effort is made to ensure that the advertised guide prices are up-to-date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction. Buyers' fees, Seller's fees and additional charges 9. For each Lot, a Buyers' Fee is payable on the fall of the hammer to Allsop LLP as follows: Residential Auctions - Lots sold for £10,000 or more: Buyers' Fee of £1,500 inclusive of VAT - Lots sold for less than £10,000: Buyers' Fee of £300 inclusive of VAT Commercial Auctions - All Lots: Buyers Fee £1,000 inclusive of VAT 10. Additional charges and fees might be charged by the seller and/or other third parties . You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts. 11. VAT may be chargeable in addition to the sale price for the Lot. The Lot Particulars and/or the Special Conditions of Sale will indicate whether VAT applies. Other Matters 12. Please note that Lots may be sold or withdrawn at any time prior to auction. 13. Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer's Fee may each be varied from the standard amounts quoted. Please refer to the addendum, the Particulars and/or the conditions of sale. 14. Street trader plans are reproduced with the consent of Experian Goad Limited. Experian Goad Digital Plans include mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty's Stationery Office. © Crown Copyright and Experian Copyright. All rights reserved. Licence number PU 100017316. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty's Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020 15. The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing. The Auctioneers do not warrant or represent that any plans or photographs show the up to date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.