A house of multiple occupancy (HMO) with a valid HMO licence starting from 28/05/2019, preserving the heritage of the status which has been developed by the current investment owners who are looking to sell. Currently let with a with an estimated rent of £21,216 PAX inclusive of bills, gross yield 11.78% PAX. Please see legal pack for further details.
Auction date
To be sold by online auction on Friday 24th November 2023 with a 6 WEEK COMPLETION, bidding will open at 10.00.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Location
Loughborough is a thriving town, lying a short distance from Junction 23 of the M1 motorway network. The town has a mainline railway station providing regular services to London St. Pancras and provides easy access to East Midlands Airport. This exclusive development is located on the south-west side which is ever so popular for professionals, affluent students and professionals situated within the second largest town in Leicestershire. Fine eateries, a multitude of shops, banks and building societies, coffee shops, fitness centres, a cinema & bars, the town has a wide variety of leisurely opportunities.
Description
* Terraced * House of multiple occupancy (HMO) * 5 bedrooms * Gross yield 11.78% PAX
Accommodation
Comprises:
Ground floor
Entrance hall, living room, kitchen, 2 bedrooms
First floor
3 bedrooms, bathroom, WC
Outside
Front and rear garden, driveway parking
EPC rating
C
Tenure
Freehold with occupied tenants
Tenancies
Room 1 - Currently periodic and rent is £350 PCM. Room 2 - Currently periodic, but the tenant has been served a section 21 notice and the tenancy ends on 10.1.24 paying £350 PCM. Room 3 - Currently periodic and the rent has been increased to £368 PCM. Room 4 - 12-month fixed term and rent is £350 PCM. Room 5 - Currently periodic and rent is £350 PCM. Total income £21,216 per annum, inclusive of bills. Please see legal pack for details.
Council tax band
B - Charnwood
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Please note
All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot. Any plans are reproduced from Ordnance Survey maps with kind permission of the Controller of Her Majesty's Stationery Office @ Crown copyright. All rights reserved, Licence no: 100020449.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
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