House of Multiple Occupation
A truly superb opportunity to acquire a recently refurbished and fully compliant licensed HMO eight bedroomed property currently producing £41,220 per annum inclusive therefore offering a return of 11.9% at current guide price.
The owners have meticulously upgraded the property to provide quality and luxury accommodation throughout and has been decorated to a high standard with Grade A fire alarm system, LED lighting throughout, broadband and tv connections in each room and fully furnished throughout. Internally the accommodation which is fully double glazed, gas centrally heated comprises a communal entrance hall with Minton tiled flooring, to the ground floor hallway two bedrooms with luxury en-suite shower rooms and a spacious quality fitted communal kitchen diner with built in appliances. To the first floor landing bedrooms three, four and five all have luxury en-suite shower rooms, bedroom six (no en-suite) and a separate quality fitted bathroom. To the second floor there are bedrooms seven and eight both served with a communal quality bathroom. Outside to the front there is hard standing space for two cars and to the rear a low maintenance garden enjoying a south-westerly aspect.
The property is situated within the context of an established residential location literally yards from Alvaston shopping centre and is well placed for Rolls Royce, Bombardier and Pride Park.
Properties rarely come to the market of this quality yet producing a high yield investment return.
With Minton tiled flooring and staircase to first floor. Please note all bedrooms are fully furnished and carpeted.
With Luxury En-Suite Shower Room produces £500 per calendar month.
With Luxury En-Suite Shower Room produces £475 per calendar month.
Comprises a comprehensive range of modern wall mounted cupboards with matching base units, range of built in appliances and door leading out onto the low maintenance rear garden.
Leading to -
With En-Suite Shower Room produces £435 per calendar month.
With Luxury En-Suite Shower Room room produces £450 per calendar month.
With Luxury En-Suite Shower Room room produces £450 per calendar month.
Shares two bathrooms and produces £350 per calendar month.
Leading to -
Shares two bathrooms and produces £400 per calendar month.
Shares two bathrooms and produces £375 per calendar month
To the front there is hard standing space and to the rear an enclosed low maintenance garden enjoying a south-westerly aspect.
The images have been supplied by the seller and were taken when the property was refurbished last year.
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.
