House of Multiple Occupation
DRAFT DETAILS. Awaiting approval.
A 7 bedroom, 3 bathroom HMO property. Gross Rental Value £33,600 per annum.
A substantial three storey property arranged as a 7 bedroom, 3 bathroom HMO. The property has a HMO licence and is fully compliant.
Well placed in a desirable letting location with easy access to Derby University and Derby Hospital.
The property is in good order throughout with great room sizes. Having 7 good size, double, bedrooms.
Currently let on a room by room basis with an income of £24,000 per annum.
We are informed the rental income when fully let as 7 rooms is £33,600 per annum.
Rentals amount to £100 per room per week. Please see legal pack for copies of tenancy agreements.
A great investment opportunity with superb letting history.
Communal Hallway<br>Large Living Kitchen <br>Bedroom 1<br>Bedroom 2<br>Shower Room
Landing<br>Bedroom 3<br>Bedroom 4<br>Bedroom 5<br>Shower Room <br>Bathroom / w.c.
Landing<br>Bedroom 6<br>Bedroom 7
Gardens to front and rear.
Length of Lease: 125 years from 25 May 2006. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
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.
