House of Multiple Occupation
A large 6 bedroom, 4 bathroom HMO property situated in a great letting location.
The property is in good order throughout with modern kitchen and bathrooms, tasteful decor and benefits from gas central heating and UPVC double glazing.
Offered fully let to 6 students giving a combined rental income of £3,190 pcm / £38,280 per annum inclusive.
Well placed for Nottingham University as well as good local amenities and great public transport links.
A superb investment opportunity.
Tenancy Information:
Room 1 - £500
Room 2 - £500
Room 3 - £550
Room 4 - £570
Room 5 - £500
Room 6 - £570
Total £3,190 inclusive.
Total year £38,280 inclusive.
Reception Hallway, Lounge, Kitchen / Diner, Bedroom One, Bedroom Two.
Landing, Bedroom Three- With En-Suite, Bedroom Four- With En-Suite, Bathroom.
Landing, Bedroom Five - With En-Suite, Bedroom Six.
Small forecourt and enclosed rear garden.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Rivers and Seas No Risk. Surface Water Low.
Standard 17 mbps. Superfast 80 mbps. Ultrafast 1000 mbps.
BT, Sky and Virgin are available.
O2, Three, EE and Vodafone are available.
Solid brick, as built, no insulation (assumed).
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
- Heating Supply: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street
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.
