property
Draft Details.
Investment HMO property in popular residential location
A large three storey end terraced house
Split into 6 letting rooms (4 rooms let)
Currently achieving approx. £11,100 p.a. gross with scope to increase
Being sold on behalf of Joint LPA Receivers
Humberstone Drive is in the north east of the City, close to a conservation area and the new facilities of nearby Hamilton.
The auctioneers have not inspected the property but it
s believed to comprise:
A large three storey, end terraced house split into 6 letting rooms providing a superb investment opportunity.
Reception Hall
Two reception rooms / bedrooms
Kitchen
Utility Area
First Floor
Three bedrooms
Bathroom
Second Floor
Loft room / bedroom
Outside
Enclosed rear garden.
We understand the property has a HMO license. We have been informed that 4 of the 6 rooms are let and the property achieves approximately £11,100 p.a gross from 3 tenants. We have not had the opportunity to verify the tenancy information.
Tenure
Freehold. Subject to tenancies.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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
