40 bedroom House of Multiple Occupation in Derby

126, 128, 130, 132 & 132B Uttoxeter New Road, Derby, Derbyshire DE22 3JB
  • Lot No: 150
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £1,500,000+ plus fees

Result Sold Prior to Auction

Property Description

DRAFT DETAILS A 40 bedroom HMO property. A superb and rarely available, investment opportunity. The property comprises of five, impressive looking, separate properties; Each offering between seven-nine bedrooms and giving a total of forty en-suite rooms. Accommodation is arranged over four floors. Each property has communal lounges and kitchens. Parking for approx nine cars to the front. The property has a great letting history. Currently let for the 2022-2023 academic year at £194,000 inc. A 13% gross return. All of the properties are in general good order, have HMO licenses and are fully compliant. A superb investment opportunity with income from day one and located in a prime student letting location. 126 Uttoxeter New Rd- seven Bedrooms, All ensuite - Let at £36,960 per annum. 128 Uttoxeter New Rd- nine Bedrooms, All ensuite - Let at £37,968 per annum. 130 Uttoxeter New Rd- nine Bedrooms, All ensuite - Let at £37,968 per annum. 132 Uttoxeter New Rd- seven Bedrooms, All ensuite - Let at £37,968 per annum. 132B Uttoxeter New Rd- eight Bedrooms, All ensuite - Let at £44,160 per annum. Total - forty Bedrooms, All ensuite - Let at £194,016 per annum. Floor plans are for general guidance only are are not to be relied on for full accuracy.

126 Uttoxeter New Road

Accommodation over three floors- Communal Hallway Communal Lounge Communal Kitchen Seven En-suite Letting Rooms


128 Uttoxeter New Road

Accommodation over three floors- Communal Hallway Communal Lounge Communal Kitchen Nine En-suite Letting Rooms


130 Uttoxeter New Rd

Accommodation over three floors- Communal Hallway Communal Lounge Communal Kitchen Nine En-suite Letting Rooms


132 Uttoxeter New Road

Accommodation over three floors- Communal Hallway Communal Lounge Communal Kitchen Seven En-suite Letting Rooms


132B Uttoxeter New Road

A lower Ground Floor Unit Communal Hallway Communal Lounge Communal Kitchen Eight En-suite Letting Rooms


Outside

Large frontage with bin store space and approximately nine car parking spaces.


Tenure

See Legal Pack

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 March 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

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

Map

126, 128, 130, 132 & 132B Uttoxeter New Road, Derby, Derbyshire DE22 3JB