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289 Shobnall Street, Burton-On-Trent DE14 2HS

Lot no: 135 Available for £250,000
 

Guide Price £230,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 27th June 2024

9.00am
Key Features
  • £32,100 per annum - 14% yield based on guide price
  • Fully let with ready returns available
  • Excellent condition including the kitchen with communal area
  • Bonus of a driveway to the rear of the property for two cars
  • Walking distance to hospital, town centre and train station
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Available for £250,000

Terraced House

Property Description:

An excellent fully let HMO returning £32,100 per annum in the popular area of Burton within walking distance to Queens Hospital, town centre and train station.

The property has 5 double bedrooms each with an en-suite totalling £2,675 per calendar month - £32,100 per annum.

Please see the floorplan to understand the size and layout.

There is a modern kitchen/living area that is ideal for sharers. Double glazed throughout and gas central heating.

Externally there is a front courtyard and to the rear is a private garden and driveway for two vehicles.

Shobnall Street offers walking distance into the town centre, train station connecting to Birmingham in 30 mins and Queens Hospital. Ideal for working professionals and also nearby excellent amenities.

Additional Information
Water: Mains
Electric: Mains
Sewerage: Mains
Heating: Mains gas
Building construction: Brick
Flood Risk: Low
Broadband availability: Standard and Ultrafast
Mobile Signal availability: O2, EE, Three and Vodafone
Satellite and Cable TV Availability: BT and Sky

Room one - double with ensuite - £500 per calendar month
Room two - double with ensuite - £500 per calendar month
Room three - double with ensuite- £575 per calendar month
Room four - double with ensuite- £600 per calendar month
Room five - double with ensuite - £500 per calendar month
Modern kitchen with communal area
Driveway parking to rear for two vehicles
Tenure:

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.

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.