House of Multiple Occupation
A superb high yield residential investment opportunity to acquire a very imposing and attractive three storied eight bedroomed Victorian town house, fully licenced HMO property all with luxury en-suites situated in a very popular residential location close to the city centre.
The current owners in recent years have remoulded the property to provide luxury living accommodation throughout and is currently producing a rental income of £44,040 per annum inclusive and therefore offering a return of over 12% at the current guide price.
The superbly appointed character accommodation also has the benefit of double glazing, gas central heating and in brief comprises an impressive entrance hallway with Minton tiled floor covering, original staircase, two double bedrooms both with luxury en-suites, a spacious fitted kitchen diner with separate utility room and access out onto the low maintenance rear garden. The first floor landing leads to three double bedrooms all with luxury en-suites and a further quality kitchen diner with built in appliances. To the second floor landing there are three further bedrooms again all fitted with luxury en-suites.
The property is set well back from the road with ample parking and a good sized low maintenance rear garden.
We are informed by the seller that the rooms are let to young professionals.
Properties of this quality rarely come to the market and will surely appeal to a landlord/investor.
Bedroom One - £500 per calendar month.
Bedroom Two - £525 per calendar month.
Bedroom Three - £435 per calendar month.
Bedroom Four - £435 per calendar month.
Bedroom Five - £425 per calendar month.
Bedroom Six - £450 per calendar month.
Bedroom Seven - £450 per calendar month.
Bedroom Eight - £450 per calendar month.
The photographs have been supplied by the seller and were taken when the property was renovated approximately three years ago.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
