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House of Multiple Occupation
Offering an ideal investment opportunity, this six bedroomed semi-detached property is currently licensed as an HMO, and is let to students for the next academic year from August 21 to 31st July 2022, producing £30,858.00 per annum (including bills and internet)
Arranged over three floors, the property includes an entrance hall, two bedrooms, kitchen and living area (with a door to the cellar) to the ground floor, with three bedrooms, bathroom and a separate wc to the first floor, and a further bedroom and a shower room to the second floor.
Benefiting from gas central heating and double glazing, the property has an enclosed courtyard garden to the rear with a small walled forecourt to the front.
The property is located within easy reach of various University sites in Nottingham, is close to facilities in Nottingham city centre and to the Queens Medical Centre. Main road routes and local transport links give excellent access to all of the above named.
The auctioneers have not inspected the property but believe it to comprise -
Leading into -
Stairs rising to the first floor, radiator and doors leading to two bedrooms kitchen and living area.
Double glazed bay window to the front elevation, original fireplace, centre ceiling light, radiator.
Double glazed window to the rear elevation, original fireplace, centre ceiling light, radiator.
Fitted with a range of wall, drawer and base units with tiled splash backs and square edge work surfaces over, sink and drainer unit, space for free standing cooker, space for various under-counter appliances, space for a tall fridge/freezer. Vinyl flooring, centre ceiling light, radiator, double glazed windows to the rear elevation and door leading out to the rear garden.
Double glazed window to the side elevation, radiator, centre ceiling light and door leading to cellar.
Stairs rising to the second floor and doors leading to three bedrooms, separate wc and the first floor shower room.
Double glazed window to the rear elevation, centre ceiling light, radiator.
Fitted with a low level flush wc, wash hand basin and a double glazed window to the rear elevation.
Double glazed window to the front elevation, ceiling light, radiator.
Fitted with a three piece suite comprising a low level flush wc, wash hand basin and panelled bath. Spotlighting, radiator and a double glazed window to the side elevation.
Doors leading to a bedroom and the second floor shower room.
Double glazed window to the side and front elevation, centre ceiling light, radiator.
Fitted with a shower cubicle, radiator and skylight to the front elevation.
To the front of the property there is a small walled forecourt with a pathway leading to the front entrance door. There is a small courtyard garden to the rear and a side gate giving access to the front.
We are informed by the seller that the furniture and white goods are included in the sale.
The photographs have been supplied by the seller and are an indication of the accommodation on offer.
The seller is a director of the SDL Group.
Freehold. Subject to tenancy.
Viewings:
To book a viewing, please contact SDL Property Auctions to arrange.
Auction Method:
The auction for this property will take place as an "Auction Event" behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely - please see the below section on "Registration Process". The auction can be watched in real-time on the auction date through SDL Property Auctions' website on their home page.
The auction date applicable for the property is displayed underneath the property description. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Property Auctions' Buyers Terms (England & Wales) which are available on SDL Property Auctions website.
Auction type- Unconditional with Fixed Fee
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 15 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.
Auction Fees
The following non-refundable fees apply:
Buyer's Fee- payable on exchange of contracts. This is usually £1074 including VAT, subject to the Special Conditions of Sale. This fee does not contribute towards the purchase price of 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 Special Conditions carefully before bidding. Any additional fees are included at the seller's discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us. SDL Property Auctions has limited control over the content of the Special Conditions of Sale.
Deposit
On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
Payment Method:
Applicable fees must be paid immediately after a winning bid has been placed. Payment by cash or cheque will not be accepted. Prior to the auction, you will receive an email from the auctioneer to register your card details with third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by a representative of the auctioneer to make payment. If you cannot be contacted within 24 hours after the auction ends, the auctioneer reserves the right to charge your card.
Legal Pack
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The legal pack can be viewed on SDL Property Auctions website by searching for the property. On the property details page there is a sub-heading "Legal Packs". Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Registration Process:
To register to bid on the property, visit the SDL Property Auctions website and submit your remote bid. The lot number can be found against the Lot Details of the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed.
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