5 bedroom House of Multiple Occupation in Derby

13 Hardwick Street, Derby, DE24 8BA
  • Lot No: 22
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Fixed Fee
Nicholas Humphreys - Loughborough

Guide Price* £225,000+ plus fees

Result Sold at Auction £291,000

Property Description

The property has been finished to the highest of standards throughout with a hotel type feel to it. Fully compliant with a great letting history. 5 bedrooms, ALL with en-suite shower Rooms The rental income amounts to £27,600 per annum inclusive and therefore offering a return of over 12%. A ready made, low maintenance investment with income from day one. The accommodation briefly comprises:

Ground Floor:

Reception Hallway Communal Kitchen and Dining Area Bedroom One, with en-suite Bedroom Two, with en-suite


First Floor:

Landing Bedroom Three, with en-suite Bedroom Four, with en-suite Bedroom Five, with en-suite


Outside:

Frontage and garden to the rear.


Rights of Way, Wayleaves, Easements, Restrictive Covenants Etc.

The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.


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 27th August 2020

Venue National Property Auction
The National Property Auction will be conducted behind closed doors by auctioneers Andrew Parker and Graham Penny. 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

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Map

13 Hardwick Street, Derby, DE24 8BA