House of Multiple Occupation
DRAFT DETAILS
A superb three storey HMO property offering six en-suite bedrooms including two studio rooms.
The property has been fully modernised and upgraded throughout. Benefits include gas central heating, uPVC double glazing along with modern kitchens and shower rooms as well as tasteful decor.
The property is sold fully refurbished and each bedroom has a bed, wardrobe, chest of drawers, bedside cabinet and TV.
Well situated in a good letting location with good transport links to the city centre and Derby Royal Hospital.
Offered fully let with a total income of £39,300 per annum inclusive of bills. A gross yield of 14.2% against the guide price.
Reception Hallway<br>Communal Kitchen<br>Breakfast Room<br>Utility Room<br>Bedroom One with EnSuite <br>Bedroom Two with EnSuite
Landing<br>Bedroom Three with EnSuite<br>Bedroom Four with Ensuite<br>Bedroom Five / Studio with own kitchenette and EnSuite
Bedroom Six / Studio with own kitchenette and EnSuite
Gardens to front and rear.
We have not been provided with a copy of the HMO or with all of the Tenancy Agreements and cannot therefore confirm the rental figure referred to in our marketing. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Freehold. Subject to tenancy.
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 (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
Guide Price & Reserve Price
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.
