House of Multiple Occupation
A 4 bedroom HMO property situated opposite Burton Hospital.
The property is situated straight opposite Burton Hospital in a superb letting location.
It has Article 4 status (class C4) and paperwork will be provided within the legal pack.
There is also permission to convert to a 5 bedroom HMO with ensuite bathrooms.
The property is offered vacant but with a potential income of £21,000 per annum. This could be increased to around £30,000 if converted to 5 letting bedrooms.
A superb investment purchase in a perfect letting location.
Stairs rising to the first floor.
With window to the rear aspect, a useful under stairs storage cupboard and door to the kitchen.
A selection of fitted units and work surfaces, built-in oven and electric hob, free standing appliance spaces, wall mounted gas fired combi boiler supplying the hot water and central heating system and window to side.
With freestanding appliance space and door through to the shower room.
Modern re-fitted shower room with WC, hand wash basin and shower enclosure with window to the side aspect.
A bay window to the front elevation.
With access to 3 more bedrooms and further shower room.
With window to the front elevation and a walk-in storage cupboard.
With window to the rear aspect.
With window to the rear aspect.
With 3 piece suite.
Garden to the front along with a good size rear garden offering scope for extension, subject to any required permissions.
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
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 Variable 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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.
