6 bedroom House of Multiple Occupation in Nottingham

232 Radford Boulevard, Nottingham NG7 5QG
  • Lot No: 104
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £310,000+ plus fees

Result Sold at Auction £330,000

Property Description

Radford serves both Nottingham and Trent Universities but also high returns for investors. This mid-terraced property has been purposefully reconfigured to meet the market demand and comply with HMO licencing standards. We are informed that the HMO certificate has been submitted but has not yet been received. There are six letting rooms all of which are of a good size and refurbished to a high standard. Three are en-suite and there is an additional main bathroom to serve the other three bedrooms. It is let for the 21/22 academic year at £115 per person per week (£131 per person per week including bills) equating to a gross annual figure of £40,856 and an adjusted gross (bills separated) of £35,880.

Ground Floor:

Hall <br>Bedroom One <br>Bedroom Two<br>Kitchen


First Floor:

Bedroom Three - with en-suite<br>Bedroom Four - with en-suite


Second Floor:

Bedroom Five <br>Bedroom Six - with en-suite


Outside:

Good sized rear garden.


Note:

The auctioneers have not inspected the property and the photographs 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.