House of Multiple Occupation in Derby

9 Leopold Street, Derby DE1 2HE
  • Lot No: 69
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £200,000+ plus fees

Result Sold Prior to Auction

Property Description

An excellent opportunity to acquire a fully licensed five bedroomed, three storied HMO property conveniently positioned for the city centre and Intu shopping centre. Currently the property is part let, part vacant however as from 1st July 2021 the property will be on a new AST contract of £25,999.92 per annum (£433 per room per month). This will represent a 12.9% return based on the guide price and will surely appeal to local and national investors/landlords. Internally the well equipped living accommodation has the benefit of sealed unit uPVC double glazing, gas central heating and in brief comprises entrance hall, spacious kitchen diner, lean-to/workshop and two double bedrooms. To the first floor landing there are two double bedrooms, a bathroom and a shower room and to the second floor a loft room/bedroom. Outside to the front there is a walled fore court and gated driveway with carport to the side. To the rear there is an enclosed garden. The property is situated in the context of an established residential location always a popular choice with landlords and families.

Tenure

Freehold

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 auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s 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 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.

Auction Details

Date 24th June 2021

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

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Map

9 Leopold Street, Derby DE1 2HE