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House of Multiple Occupation
A substantial 6 bedroom HMO property in a prime letting location.
The property offers accommodation over 3 floors with a total of 6 letting rooms. The main house offers 5 bedrooms and 2 bathrooms and there is a studio room to the top floor with en-suite and kitchenette.
Currently offered with 5 out of 6 rooms let and an income circa £33,000 per annum.
Income when fully let is £39,540 per annum.
Offered in a great letting location opposite Leicester Royal Infirmary Hospital and DeMontfort University.
The property is in good order through and benefits from GCH and UPVC double glazing along with up to date gas and electrical certificates, wired in smoke alarms and HMO license.
An ideal investment with potential NET returns of 12% and an income from day one.
Hallway, Lounge, Dining Kitchen, Bedroom 1, Bedroom 2, Shower Room 1, Shower Room 2
Landing, Bedroom 3, Bedroom 4, Bedroom 5
Studio Room comprising Lounge / Bedroom / Kitchenette, EnSuite Shower Room
Enclosed low maintenance garden to rear.
O2, EE, Three and Vodafone are available in this location.
BT, Sky and Virgin are available in this location.
Standard 16 mbps. Superfast 80 mbps. Ultrafast 1000 mbps
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
- Heating Supply: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Permit
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.
