House of Multiple Occupation
The HMO is situated in Leigh, with potential to produce a rental income of circa £23,400 per annum once fully let, representing a yield of 16.7% if purchased at the current guide price. The well presented accommodation benefits from gas central heating, double glazing, high speed broadband and three out of the five bedrooms have en-suite shower rooms. We are informed that one en-suite bedroom and one single room are currently let on AST agreements producing circa £8,580 per annum. Excellent investment opportunity.
Hallway
Bedroom one with en suite shower room
Bedroom two with en-suite shower room
Kitchen diner
Bedroom three with en-suite shower room
Bedroom four
Bedroom five
Two separate communal shower rooms with toilets
The photographs have been provided by the vendor who advises they were taken two years ago.
Leasehold. 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 auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s 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
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.
