property
Draft Details.
Large corner three storey end terrace HMO property
Investment opportunity with 7 lettings rooms (5 let)
Achieving approx. £17,500 p.a. gross with scope to increase
Popular location on the edge of Leicester City Centre
Being sold on behalf of Joint LPA Receivers
The auctioneers have not inspected the property but believe it to comprise:
An attractive and spacious seven bedroomed, three storey end terrace property situated in a popular location on the edge of Leicester City Centre.
We understand the property is licensed as a HMO.
We have been informed that 5 of the 7 rooms are let and the property achieves approximately £17,500 p.a. gross although we have not had the opportunity to verify the tenancy information.
Brookhouse Street is conveniently located off London Road on the outskirts of Leicester City Centre. The property is conveniently located for London Road railway station, Leicester City Centre and the professional quarter.
Tenure
Freehold. Sold subject to any tenancies that may exist.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.
The sale of each lot is subject to a buyers contract handling fee of £495 (inc VAT) payable on the fall of the hammer.
For Sale By Auction - Tuesday 11th December 2012
At Nottingham Racecourse, Colwick Park, Nottingham NG2 4BE
Commencing at 11.30 am
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