House of Multiple Occupation
A four bedroom, all en-suite, HMO property with current rental income of £27,000 per annum inclusive.
A fully converted and refurbished HMO property offering four en-suite letting rooms. Accommodation is arranged over three floors. The property has a great letting history with full occupancy since conversion in 2021.
The property is well located, just off Uttoxeter New Road and very close to Derby Royal Hospital. Ideal for letting to Hospital staff, professionals or students.
Offered in excellent order throughout with tasteful decor and flooring, modern kitchen and bathrooms along with UPVC double glazing and gas central heating.
Freehold investment opportunity with income from day one.
Reception Hallway, Communal Lounge, Communal Kitchen, Bedroom one with Ensuite.
There is a cellar which offers useful storage space.
Landing with stairs to second floor, Bedroom two with Ensuite, Bedroom three with Ensuite.
Studio Room four with Ensuite
Enclosed garden to the rear.
These sales details are awaiting vendor approval.
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.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Freehold. Subject to tenancy.
- Heating Supply: Double Glazing, Gas Central
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
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 1.2% of the purchase price (subject to a minimum 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.
