House of Multiple Occupation
DRAFT DETAILS - The property is HMO compliant but the license does require renewal. It has six large bedrooms, three bathroom/toilets, communal lounge and kitchen and courtyard garden.
Benefitting from modern kitchen and bathrooms, good décor, gas central heating and uPVC double glazing. Each bedroom has a sink, small kitchen units and furniture.
The property is sold with all furniture and appliances.
The average room rental income is approx £85 per week.
The property is part let / part vacant.
Four rooms are currently let at £18,000 per annum.
Two rooms are currently vacant which would normally rent at a combined £8,400 per annum.
Total Rental Income once fully let as £26,400
Situated close to Hinckley town centre and a range of local amenities. Hinckley has undergone recent regeneration with a new cinema, leisure centre and The Crescent comprising of new shops bars and restaurants. It is also home to some large business such as Tesco Distribution, Triumph Motorcycle, Trident and TNT making it a great location for letting.
In more detail -
Communal Hallway
Large Communal Lounge
Communal Kitchen
Shower Room
Bedroom One
Bedroom Two
Bedroom Three
Bedroom Four
Bedroom Five
Shower Room
Toilet
Bedroom Six
Paved rear garden.
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.
