House of Multiple Occupation
A spacious three storey HMO property offering six letting bedrooms.
Situated in a great letting location close to Hinckley Road and having views over Fosse Recreation Ground. There is a wealth of local amenities and transport links to Leicester City Centre, DeMontfort University and Royal Infirmary Hospital.
Communal Lounge, Two Kitchens, Six Bedrooms. All rooms have wash hand basins.
The property is let with a combined gross annual income of circa £30,000 per annum inclusive of bills.
Large room sizes offer scope for adding ensuite bathrooms and ultimately rental increase.
A great investment opportunity with income from day one and potential gross yield of 15%.
Communal Hallway, Communal Lounge, Bedroom One, Dining Kitchen, Shower Room.
Landing, Bedroom Two, Bedroom Three, Bedroom Four, Kitchen Two, Bathroom, Separate w.c.
Landing, Bedroom Five, Bedroom Six
Small garden to front. Enclosed rear garden with fire escape and rear gated access.
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:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.
