Block of Apartments
An 11 bedroom HMO / Letting investment.
A large, freehold, investment property fully let at £96,000 per annum.
A superb investment property offering eleven letting units. The property has recently undergone conversion and full modernisation and it is in first class condition throughout. With extensive accommodation finished to a very high standard.
Conveniently situated close to the excellent array of local amenities and giving great access to the Motorway network, East Midlands Airport and Loughborough University.
Offered fully let and giving a gross combined income of circa £96,000 per annum inclusive of bills. We have been advised by vendor that running costs total around £12,000 per annum. The owner runs the property herself with very little management involved.
Please be advised that room measurements are currently unavailable and viewings are highly advised. Prospective buyers are advised to make all necessary independent enquiries before 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.
