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House of Multiple Occupation
DRAFT DETAILS
A 40 bedroom HMO property.
A superb and rarely available, investment opportunity. The property comprises of five, impressive looking, separate properties; Each offering between seven-nine bedrooms and giving a total of forty en-suite rooms.
Accommodation is arranged over four floors. Each property has communal lounges and kitchens.
Parking for approx nine cars to the front.
The property has a great letting history.
Currently let for the 2022-2023 academic year at £194,000 inc. A 13% gross return.
All of the properties are in general good order, have HMO licenses and are fully compliant.
A superb investment opportunity with income from day one and located in a prime student letting location.
126 Uttoxeter New Rd- seven Bedrooms, All ensuite - Let at £36,960 per annum.
128 Uttoxeter New Rd- nine Bedrooms, All ensuite - Let at £37,968 per annum.
130 Uttoxeter New Rd- nine Bedrooms, All ensuite - Let at £37,968 per annum.
132 Uttoxeter New Rd- seven Bedrooms, All ensuite - Let at £37,968 per annum.
132B Uttoxeter New Rd- eight Bedrooms, All ensuite - Let at £44,160 per annum.
Total - forty Bedrooms, All ensuite - Let at £194,016 per annum.
Floor plans are for general guidance only are are not to be relied on for full accuracy.
Accommodation over three floors-
Communal Hallway
Communal Lounge
Communal Kitchen
Seven En-suite Letting Rooms
Accommodation over three floors-
Communal Hallway
Communal Lounge
Communal Kitchen
Nine En-suite Letting Rooms
Accommodation over three floors-
Communal Hallway
Communal Lounge
Communal Kitchen
Nine En-suite Letting Rooms
Accommodation over three floors-
Communal Hallway
Communal Lounge
Communal Kitchen
Seven En-suite Letting Rooms
A lower Ground Floor Unit
Communal Hallway
Communal Lounge
Communal Kitchen
Eight En-suite Letting Rooms
Large frontage with bin store space and approximately nine car parking spaces.
See Legal Pack. 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.
