House of Multiple Occupation
A four bedroom, all en-suite, HMO property with an advised 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 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.
There are no tenancy agreements or HMO document's provided in the legal pack (this has been requested) and therefore we cannot confirm the rental figure given in our marketing. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Freehold. Part let/part vacant.
- 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 Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees 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)
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding 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.
