House of Multiple Occupation
An opportunity to acquire a freehold four bedroom mid-terrace HMO located in the heart of St Anns, currently let producing £400pcm with scope to let vacant rooms.
Located in a quiet and well-established residential area Situated 1.3 miles North East of Nottingham City Centre off the Wells Road. Close to a variety of amenities, shops, restaurants and pubs. Good catchment area for both primary and secondary schools.
Ground Floor: Bedroom, dining room, kitchen, family bathroom.
First Floor: Three double bedrooms.
Outside: Small courtyard to the rear.
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.
The seller has confirmed that current HMO licence expired in March and that new application is pending with the Council. We have not been provided with evidence of rental income as set out in our marketing. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
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)
• Buyer’s Fee of 3% of the purchase price (subject to a minimum of £5,000 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.
