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300 Uttoxeter New Road, Derby, DE22 3LN

Lot no: 66 Re-entry to a future auction
 

Guide Price £475,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 27th May 2021

10.00am
Key Features
  • A substantial 9 Bedroom, HMO property
  • Great location close to Derby city centre
  • Full HMO Licence and fully compliant.
  • £56,000 per annum inclusive rental income
  • EPC Rating: E
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Re-entry to a future auction

House of Multiple Occupation

Property Description:

DRAFT DETAILS

A substantial 9 Bedroom, HMO property situated in a great location close to Derby city centre and University Campus.

Full HMO Licence and fully compliant.

Finished to a great standard throughout with accommodation over 4 floors. 9 Bedrooms, 9 bathrooms (including two studio apartments) Large communal Kitchen and communal lounge/Snug.

Offer fully let with a superb rental income which amounts to circa £56,000 per annum inclusive.

The property is in excellent order with modern kitchens and modern bathrooms and tasteful décor.

A ready made, low maintenance investment with income from day one and a great letting history.

In more detail -

Lower Ground Floor

Large Communal Dining Kitchen

Ground Floor

Hallway

Bedroom 1 and Shower Room

Bedroom 2 and Shower Room

Bedroom 3 and Shower Room

Bedroom 4 and Shower Room

First Floor

Landing

Communal Lounge / Snug

Bedroom 5 and Shower Room

Bedroom 6 and Shower Room

Bedroom 6 and Shower Room

Second Floor

Landing

Studio Flat / Room 8 – Lounge/Kitchen/ Bedroom and Shower Room.

Studio Flat / Room 9 – Lounge/Kitchen/ Bedroom and Shower Room

Outside

Gardens to front, side and rear.

Occupancy:

Subject to tenancy. Interested parties are advised to inspect the legal documents for further information.

Tenure:

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.

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