House of Multiple Occupation
A spacious five-bedroom licenced HMO property in the popular Forest Fields area of Nottingham. The property is offered vacant possession but could return £2500 per calendar month, £30,000 per annum.
The accommodation briefly comprises five generously sized bedrooms, a large communal living/dining/kitchen area, and two bathrooms. The property is within easy reach of Nottingham City Centre, providing access to local shops, cafes, and excellent transport links to the city and universities.
Accommodation
Ground Floor:
* Lounge/Diner (11ft 6 x 8ft 4)
Spacious, open-plan area with carpeted flooring.
* Kitchen Area (13ft 11 x 6ft 11)
Tiled flooring, integrated kitchen with induction hob, oven, and plumbing for appliances. French doors open to the enclosed rear courtyard garden.
* Bedroom 1 (13ft 11 max x 7ft 11)
Front-facing double bedroom with built-in storage.
First Floor:
* Bedroom 2 (11ft 6 x 8ft 10)
Front-facing double bedroom with built-in storage.
* Bedroom 3 (11ft 10 x 8ft 7)
Double bedroom with rear-facing window and built-in storage.
* Bathroom (6ft 11 x 5ft 1)
Three-piece suite with bath, vanity wash basin, and WC.
* Shower Room (7ft 1 x 3ft 10)
Three-piece suite with walk-in shower, hand wash basin, and WC.
Second Floor:
* Bedroom 4 (13ft 1 max x 11ft 6)
Large attic bedroom with three Velux windows and built-in storage
Basement Floor:
* Bedroom 5 (9ft 10 x 9ft 2)
Double bedroom with staircase leading to the front. Built-in storage.
Outside:
The property benefits from an enclosed rear courtyard garden with a block-paved patio area. There is on-street parking at the front, with a small courtyard garden.
Very low.
O2, EE, Three and Vodafone are available.
Standard 15 mbps.
BT and Sky are available.
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
- Heating Supply: Gas Central, Double Glazing
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and 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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% of the purchase price (subject to a minimum 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.
