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163, 165, 171 & 173 Dodworth Road, Barnsley, South Yorkshire S70 6HW

Lot no: 107 Postponed
 

Guide Price £800,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 29th February 2024

10.00am
Key Features
  • Freehold investment
  • 4x substantial 6 bedroom properties
  • 24 HMO bedrooms
  • Refurbished to a high standard in 2022
  • Comined income of £121,305 per annum
  • EPC Rating: D D D D D C D D D
  • Council Tax Band: A A B B
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Postponed

House of Multiple Occupation

Property Description:

4x 6 bedroom HMO properties offering 24 HMO bedrooms.

Giving a combined income of £121,305 per annum gross.

Number 163- 6 bedrooms, 5 bathrooms- Let at £29,349 per annum.

Number 165- 6 bedrooms, 5 bathrooms- Let at £30,203 per annum.

Number 171- 6 bedrooms, 5 bathrooms- Let at £30,549 per annum.

Number 173- 6 bedrooms, 5 bathrooms- Let at £31,204 per annum.

The properties offer spacious accommodation over 3 floors with further basement area.

Fully refurbished to a high end standard in 2022.

Each property also has large cellar space which may offer scope for further accommodation. We are informed that each property holds the potential for a studio flat to the basement, subject to any required permissions. This could give a total extra income of approx £20,000 per annum.

Extremely well located and within easy reach of the centre of Barnsley along with having local shops, supermarkets, restaurants close by and located on a regular bus route. The train station is also less than a mile away.

A great, freehold, investment offering a potential gross return of over 15% based on the guide price.

Ground Floor:
Reception Hallway
Dining Kitchen
Utility Room
Bedroom One- With Ensuite

First Floor:
Landing
Bedroom Two - Ensuite
Bedroom Three- Ensuite
Bedroom Four
Bathroom

2nd Floor:
Landing
Bedroom 5
Bedroom 6
Shower Room


Additional Information:
163 Dodworth Road:
Services: Mains water - TBA, Mains drainage - TBA, Gas - TBA, Electric - TBA
Heating: Boiler and radiators, mains gas
Building construction: Solid brick, as built, no insulation (assumed)
Broadband: Standard, Superfast and Ultrafast are available in this location.
Mobile Signal: EE, O2, Vodaphone and Three are available in this location for Voice and Data.
Satellite and Cable TV Availability: Sky, Virgin and BT are available in this location.

Additional Information:
165 Dodworth Road:
Services: Mains water - TBA, Mains drainage - TBA, Gas - TBA, Electric - TBA
Heating: Boiler and radiators, mains gas
Building construction: Solid brick, as built, no insulation (assumed)
Broadband: Standard, Superfast and Ultrafast are available in this location.
Mobile Signal: EE, O2, Vodaphone and Three are available in this location for Voice and Data.
Satellite and Cable TV Availability: Sky and BT are available in this location.

Additional Information:
171 Dodworth Road:
Services: Mains water - TBA, Mains drainage - TBA, Gas - TBA, Electric - TBA
Heating: Boiler and radiators, mains gas
Building construction: Sandstone or limestone, as built, no insulation (assumed)
Broadband: Standard, Superfast and Ultrafast are available in this location..
Mobile Signal: EE, O2, Vodaphone and Three are available in this location for Voice and Data.
Satellite and Cable TV Availability: Sky and BT are available in this location.

Additional Information:
173 Dodworth Road:
Services: Mains water - TBA, Mains drainage - TBA, Gas - TBA, Electric - TBA
Heating: Boiler and radiators, mains gas.
Building construction: Sandstone or limestone, as built, no insulation (assumed)
Broadband: Standard, Superfast and Ultrafast are available in this location.
Mobile Signal: EE, O2, Vodaphone and Three are available in this location for Voice and Data.
Satellite and Cable TV Availability: Sky, Virgin and BT are available in this location.

Note:

The auctioneers have not inspected the properties.

Tenure:

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.