House of Multiple Occupation
A substantial 14 bed HMO property with a great income. Article 4 Status.
A superb investment opportunity comprising of a handsome Victorian residence situated in a desirable and sought after location. Standing on a good size plot with ample parking and having accommodtaion over 3 floors.
The property is rented out on a company let at £57,000 per annum. The tenants pay their own utilities and all bills and are responsible for general maintenance.
We are informed that a new three year lease was signed 1st March 2023.
Approx 10% return based against the guide price with a great letting history. Income from day one.
Situated in a highly regarded location and being well placed for Loughborough town centre and transport links.
Reception Hallway. Communal Lounge/ Kitchen.Bedroom One. Bedroom Two. Bedroom Three. Bedroom Four. Bedroom Five. Bathroom. Shower Room.
Cellar space offering useful storage.
Landing. Communal Lounge / Kitchen. Bedroom Six. Bedroom seven. Bedroom Eight. Bedroom Nine. Bedroom Ten. Bedroom Eleven. Bathroom. Shower Room.
Landing. Communal Lounge / Kitchen.Bedroom Twelve. Bedroom Thirteen, Bedroom Fourteen. Bathroom.
Ample parking via a gravelled driveway. Lawned gardens and brick stores. Enclosed by brick walling with secure gated access.
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.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
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 (and any applicable Home Report for residential Scottish properties).
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.
