7 bedroom House of Multiple Occupation in Derby

110 Uttoxeter New Road, Derby, Derbyshire DE22 3JB
  • Lot No: 45
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £250,000+ plus fees

Result Sold Prior to Auction

Property Description

DRAFT DETAILS. Awaiting approval. A 7 bedroom, 3 bathroom HMO property. Gross Rental Value £33,600 per annum. A substantial three storey property arranged as a 7 bedroom, 3 bathroom HMO. The property has a HMO licence and is fully compliant. Well placed in a desirable letting location with easy access to Derby University and Derby Hospital. The property is in good order throughout with great room sizes. Having 7 good size, double, bedrooms. Currently let on a room by room basis with an income of £24,000 per annum. We are informed the rental income when fully let as 7 rooms is £33,600 per annum. Rentals amount to £100 per room per week. Please see legal pack for copies of tenancy agreements. A great investment opportunity with superb letting history.

Ground Floor

Communal Hallway<br>Large Living Kitchen <br>Bedroom 1<br>Bedroom 2<br>Shower Room


First Floor

Landing<br>Bedroom 3<br>Bedroom 4<br>Bedroom 5<br>Shower Room <br>Bathroom / w.c.


Second Floor

Landing<br>Bedroom 6<br>Bedroom 7


Outside

Gardens to front and rear.


Note

Length of Lease: 125 years from 25 May 2006. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.


Tenure

Leasehold

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 November 2022

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

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

110 Uttoxeter New Road, Derby, Derbyshire DE22 3JB