Lot 72 - 35 Beck Crescent, Mansfield, Nottinghamshire, NG19 6SZ

  • Unconditional Online Auction Sale
  • Guide Price* : £170,000+

Addendum

Reduced guide price

LOT 72 - Five Bedroom Licensed HMO

Description

ONLINE AUCTION from 13th DECEMBER-15th DECEMBER

A five bedroom licensed HMO. The property has been freshly refurbished to a high standard, comprising four en-suite and one off-suite bedroom. The property benefits from a spacious fully fitted kitchen ideally specified to accommodate HMO tenants with ample facilities including two separate cooking hobs and ovens.

There is off road parking available and a large garden to the rear of the property.

Tenant profile would typically be blue collar workers with a significant Amazon distribution outlet and other large employers being situated nearby.

The licence has been issued and the property is ready to let. The full market value is considered at £260,000 with a market rental income estimated at £28,800, therefore representing an 11% yield.

Services
The property benefits from gas, water and electric (not tested).

Council Tax Band

A

Tenancies

To be sold with vacant possession

Tenure

Advised Freehold - to be verified by solicitor

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £975) including VAT unless otherwise stated.

Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.

* 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.

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Paul Fosh Auctions
01633 254044

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