House of Multiple Occupation
A six bedroom HMO property let at £18,000 per annum exclusive of bills.
A spacious three storey town house located within the converted Towles Mill. The Mill is an iconic building within Loughborough and was converted in 2006.
The property is let on a single company/charity let at £18,000 per annum. The tenant pays all their own utility bills and council tax.
The tenancy has now been in place for approximately four years and the rent has never been increased. We have been advised that the current tenant will be paying £1,700 per calendar month for a similar house within the same block from April.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
The property benefits from a HMO Licence.
Offering six bedrooms, two bathrooms and parking.
Situated in a highly convenient location with good access to Loughborough University, the Town Centre and Train Station.
In good order throughout and income from day one.
Reception Hallway, Communal Lounge, Large Communal Dining Kitchen.
Three bedrooms and Shower Room
Three bedrooms and Shower Room
Communal Gardens and Residents Parking.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Please be advised that key information regarding Water supply, Electricity supply, Sewerage arrangements, Heating supply and Parking arrangements are currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Leasehold. 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.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers 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 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.
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