House of Multiple Occupation
A five bedroomed student HMO property. Let at £25,200 per annum.
A substantial lower ground floor apartment offering five all en-suite letting rooms along with communal lounge and dining kitchen. In good order throughout with modern kitchen and en-suites. There is a communal hallway but all the rooms have their own private access/fire door also.
Situated along Uttoxeter New Road which is a prime student letting location, the property has a fantastic letting history and is currently fully let at £25,200 per annum inclusive of bills.
The property has been let via Nicholas Humphreys Letting Agents on Friar Gate and they are more than happy to continue to let and manage it if required. The property has been let continually since 2009.
Tenure - Leasehold - 83 years remaining on the lease from 2022. Please see legal pack for details.
Floor plans are for general guidance only are are not to be relied on for full accuracy.
Letting history:
2010-11 - £19,940 per annum(52 week contract)
2011-12 - £18,000 per annum(48 week contract)
2012-13 - £18,000 per annum(48 week contract)
2013-14 - £22,500 per annum INC (50 week contract)
2014-15 - £20,540 per annum(52 week contract)
2015-16 - £18,960 per annum(48 week contract)
2016-17 - £18,960 per annum(48 week contract)
2017-18 - £22,560 per annum INC (48 week contract)
2018-19 - £22,560 per annum INC (48 week contract)
2019-20 - £23,760 per annum INC (48 week contract)
2020-21 - £24,720 per annum INC (48 week contract)
2021-22 - £25,200 per annum INC (48 week contract)
Reception hallway, communal lounge, communal Kitchen, bedroom one with en suite, bedroom two with en suite, bedroom three with en suite, bedroom four with en suite, bedroom five with en suite.
Gravelled communal gardens.
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 (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
Guide Price & Reserve Price
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.
