6 bedroom House of Multiple Occupation in Derby

61 Bedford Street, Derby, Derbyshire DE22 3PD
  • Lot No: 108
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £285,000+ plus fees

Result Sold Prior to Auction

Property Description

A superb six bedroomed, six bathroomed licenced HMO property (5 years left on the licence) which has been recently had a brand new back to brick refurbishment completed (April 2021) to include rewiring, replumbing, replastered throughout, new double glazed window and doors. It has been finished to a very high standard and is in immaculate order throughout. Briefly the property comprises of six letting rooms, all with en-suites, along with a communal kitchen and dining area, rear yard and useful garage. Currently fully let to medical staff from Derby Royal at a combined rent of £34,400 per annum inclusive and and therefore offering a gross return of 12% at the current guide price. Rare opportunity in this location not to be missed! Room Rental Rate Breakdown- Room 1 - £435 Room 2 - £435 Room 3 - £500 Room 4 (studio) - £600 Room 5 - £450 Room 6 - £460 Total gross rent - £34,440

Ground Floor

Reception Hallway<br>Communal Kitchen and Dining Area<br>Bedroom 1 - En-suite<br>Bedroom 2 - En-suite<br>Bedroom 3 - En-suite


First Floor

Landing<br>Bedroom 4 - En-suite<br>Bedroom 5 - En-suite<br>Bedroom 6 - En-suite


Outside

A secure rear garden along with a useful garage providing great storage.


Note

The auctioneers have not inspected the property and the internal photos have been supplied by the seller.


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.