House of Multiple Occupation
The property is fully let on assured shorthold tenancies to two long term tenants and one newer tenant.
Current income of £11,180 per annum offering a return of around 10%.
There is an additional loft bedroom which does not comply with regulations with potential of being used as a letting room. With works and permissions, this could have scope to bring in a further income of around £4000 per annum.
Well located close to Hinckley town centre which has had recent regeneration including shopping area with restaurants and bars and a new cinema and leisure centre.
In more detail
With window to the front aspect and radiator.
With a range of wall and base units with work surfaces over. Built in oven, hob and extractor fan. Sink and drainer. Window to the side and door to the rear garden.
Let at £65 Per Week
With window to the rear aspect.
Let at £80 Per week
With window to the front aspect and radiator.
Let at £70 Per week.
Window to the rear aspect and radiator.
A white suite comprising WC, wash hand basin, panel bath, part tiled walls, radiator and window to the rear.
This room has a dormer window to the rear but is currently not let. With works and permissions the room offers scope to produce a rental income of around £4000 per annum.
The property has a low maintenance rear garden with patio seating area and brick outbuilding.
Freehold.
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.
