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House of Multiple Occupation
A seven bedroom HMO property in an Article 4 area.
The property comprises of a 3 storey Victorian villa offering a total of 7 letting bedrooms along with communal lounge, kitchen, 2 bathrooms and further w.c.
Situated in a highly convenient location off London Road. Close to a fantastic range of bars, restaurants, shops and within an easy walk of the train station, Victoria Park and city centre. Both the University of Leicester and DeMontfort University are close by.
The property is currently vacant but offers a potential income of around £32,000 per annum.
The area has just been designated as an Article 4 and the property has a current HMO licence.
There is a low maintenance front forecourt garden, with low level boundary walls and to the rear elevation is enclosed walled courtyard garden with rear gated access.
Freehold. Vacant possession upon completion.
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 Variable 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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.
