House of Multiple Occupation
A large three storey villa arranged as a six bedroomed HMO. The property is in good order throughout and offers excellent room sizes with six double bedrooms along with spacious communal lounge and kitchen and three shower rooms.
Situated in a prime student letting location on Uttoxeter New Road with easy access to Derby University and the bars and restaurants in the city centre.
The property has an excellent letting history and is offered fully let at £27,360 per annum inclusive of bills.
Nicholas Humphreys have let the property for numerous years and are happy to continue to do so if required.
A superb investment opportunity with income from day one and a gross return of over 13% based on the guide price.
Letting history:
2010-11 - £20,280 per annum(52 week contract)
2011-12 - £21,528 per annum(52 week contract)
2012-13 - £21,528 per annum(52 week contract)
2013-14 - £23,400 per annum(52 week contract)
2014-15 - £23,400 per annum(52 week contract)
2015-16 - £21,600 per annum(48 week contract)
2016-17 - £21,888 per annum(48 week contract)
2017-18 - £22,752 per annum(48 week contract)
2018-19 - £27,936 per annum INC (48 week contract)
2019-20 - £28,512 per annum INC (48 week contract)
2020-21 - £16,250 per annum(48 week contract) *Due to Coronavirus
2021-22 - £27,360 per annum INC (48 week contract)
Reception Hallway <br>Communal Lounge<br>Communal Kitchen <br>Bedroom One
Landing<br>Bedroom Two<br>Bedroom Three<br>Shower Room One<br>Shower Room Two<br>Shower Room Three
Bedroom Four<br>Bedroom Five<br>Bedroom Six
Tarmac fore court with potential parking for two small cars.
Buyers are to note that the sale of this lot will include the whole of the freehold subject to the the AST (first and second floors only) and also subject to the lease for 158b (ground floor and garden) plus the leasehold of 158 (first and second floors only).
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.
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