SOLD PRIOR TO AUCTION FOR AN UNDISCLOSED AMOUNT
We are delighted to offer to the market this character terraced property, situated in a most desirable location, convenient to all amenities.
The property has been used as student accommodation and benefits from 6 lettable rooms and has the potential to generate a rental income from student lettings of £40,000-£45,000 per annum. Ideal for the university.
Since 1991 the house has been used almost continuously to accommodate students from Mansfield College.
The property is a great investment opportunity for those interested in continuing letting as student accommodation or for owner occupiers who may wish to have it as their own home.
The current owner does not have an HMO licence. Interested parties are advised to make their own enquiries in relation to this. We are instructed to sell the property with vacant possession.
The accommodation comprises 6 bedrooms, kitchen/diner, lounge and multiple shower/bathrooms and a garden.
We are advised by the seller that this property will be sold fully furnished for student occupation - all letting rooms have beds, desks, wardrobes etc
Lower Ground Floor: Lounge, kitchen, wash room.
Ground Floor: Two bedrooms and wash room.
First Floor: Two bedrooms and shower room.
Second Floor: Two bedrooms and bathroom.
Outside: Rear garden with cycle rack and access to the rear of the property.
EPC Rating E
Exchange And administration fee information: (plus fees)
Buyers Admin Fee Applies Upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyer's Admin Fee of £900 inc VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
In addition to the purchase price, buyers may be required to pay additional fees, costs and charges. These may include, but are not limited to, Value Added Tax (VAT), Stamp Duty, ground rents, rent arrears/apportionment of rent, outstanding service charges, sellers search costs/disbursements, reimbursements of sellers solicitors, auctioneer costs, buyer’s premiums or reservation fees.