5 bedroom House of Multiple Occupation in Derby

16 Gerard Street North, Derby, Derbyshire DE1 1NZ
  • Lot No: 72
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £150,000+ plus fees

Result Sold at Auction £160,000

Property Description

DRAFT DETAILS A large, freehold, property which has been converted into five large letting units / bedsits / HMO type accommodation. Each unit has its own kitchenette, wc and shower room and three units also have a separate bedroom along with lounge / kitchenette. Within an easy walk of Derby city centre and Derby University, it offers potential for letting to both professionals and students, subject to any required consents. A superb investment with a potential rent of around £25,000 per annum, inclusive of bills. Currently two rooms are let on rolling contracts which bring in a combined £600 per calendar month. The property may also offer scope to convert to a seven bedroom all ensuite HMO, subject to any required consents. Large loft space offering scope for further accommodation. A superb investment opportunity not to be missed.

Ground Floor

Communal Reception Hallway Cellar Communal Kitchen 3.54m x 3.05m Rear Lobby with door to garden.


Letting Unit 1

Lounge / Bedroom / Kitchenette 3.95m x 3.61m Ensuite Toilet Separate Shower Room


Letting Unit 2

Lounge/ Bedroom / Kitchenette 4.40m x 2.86m Ensuite Shower Room


Letting Unit 3

Lounge / Kitchen 3.60m x 2.90m Bedroom 2.21m x 1.97m Shower Room


First Floor

Landing with blocked off staircase leading to the loft space. The loft offers scope for further accommodation.


Letting Unit 4

Lounge / Kitchenette 3.50m x 3.00m Cloakroom / W.C Bedroom with shower 3.50m x 2.10m


Letting Unit 5

Hallway Lounge / Kitchenette 4.50m x 3.75m Bedroom 3.45m x 3.02m Bathroom


Outside

A good sized rear garden.


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 30th September 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

16 Gerard Street North, Derby, Derbyshire DE1 1NZ