House of Multiple Occupation
A superb investment opportunity comprising of a block of 3x HMO properties offering a total of seventeen bedrooms and eleven en suite/shower rooms.
The site comprises of 2x six bedroom HMO houses and a large five bedroom HMO apartment on the lower ground floor.
Situated in a prime letting location for Derby University and also giving excellent access to Derby Royal Infirmary Hospital and the City Centre.
Currently let out for the 2023-2024 academic year for a total of £73,200 inclusive per annum.
156 Uttoxeter New Road - six bedroom, three bathroom HMO let at £1,820 per calendar month/£21,840 per annum.
158 Uttoxeter New Road- six bedroom, three bathroom HMO let at £2,210 per calendar month/£26,520 per annum.
158b Uttoxeter New Road- large five bedroom HMO flat (all with en suite) let at £2,070 per calendar month/£24,840 per annum.
The properties all benefits from gas central heating and UPVC double glazing and have parking to the front.
They have an excellent rental history and have been consistently let out since 2010. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
C, A, C.
Standard - 14 mbps, Superfast - 80 mbps, Ultrafast - 1000 mbps available.
O2, EE, Three, Vodafone available.
Please be advised that key information regarding Water supply, Electricity supply, Sewerage arrangements, Heating supply and Parking arrangements are currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
These sales details are awaiting vendor approval.
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.
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.
