House of Multiple Occupation
DRAFT DETAILS
A large corner property comprising of a seven bedroom HMO in a popular location.
The property benefits from a HMO licence and is in a popular letting location.
The house would benefit from modernisation but offers excellent sized bedrooms which give scope for upgrading with en-suites/kitchenettes.
Offered let with a gross income of circa £30,000 per annum.
Offering seven bedrooms, two kitchens, two bathrooms, two further toilets, communal lounge and parking.
A superb investment with income and excellent scope for further upgrading to increase rental income to potentially around £40,000 per annum.
Hallway
Kitchen
Lounge
Bedroom 1
Bedroom 2
Bedroom 3
Bedroom 4
Bathroom
Separate W.C.
Landing
Kitchen
Bedroom 5
Bedroom 6
Bedroom 7
Bathroom
Separate W.C.
Rear yard offering parking for 2 cars and external store.
Freehold. 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.
