This HMO is tenanted currently with the tenants are paying £140 per person per week inclusive of bills. The current licence for four occupants is being renewed having expired in Feb 26. The currents owners have managed the property well for many years and never had a void period. They have secured tenants for the next academic year, making this property a turn key investment.
The property is a traditional bay fronted terrace house with ground floor accommodation comprising of entrance hall, lounge and bedroom or dining room and a modern white high gloss kitchen with a cellar.
The first floor has two double bedrooms and a modern bathroom suite with a shower. The top floor has a further double bedroom.
The Arboretum is popular with second and final year students and close to Nottingham city’s oldest public park and the area being so close to the city centre benefits from the host of local amenities ideal for students. There are bars and eateries as well as convenient transport links coupled with being in a bustling city.
Theatres, art galleries, shops and award winning universities are also a staple feature of the city.
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
Should you opt to use Conveyancing Services recommended by iamsold or the Partner Agent, please be advised that the Partner Agent will receive payment of up to £450.00 from the Conveyancing Provider for that recommendation where the services are taken, and a sale completes. It is important to note that recommended services are optional, and you should consider your options carefully before accepting any recommended services.
Entrance Hall With stairs to the first floor and a radiator
Reception Room / Bedroom 3.24 x 4.34
With double glazed bay window overlooking the front aspect and radiator
Living Room 3.65 x 3.36
With double glazed window to the rear elevation and radiator
Kitchen 1.74 x 4.48
The modern kitchen is part tiled and fitted with matching white high gloss base and wall units with rolled edge worksurfaces incorporating a stainless steel sink and drainer unit with mixer tap. There is a wall mounted boiler and double glazed window to the side aspect and door to the cellar
First Floor Landing Bedroom 4.28 x 3.46
With radiator and two double glazed windows overlooking the front elevation
Bedroom 2.56 x 3.67
double glazed window to the rear aspect and radiator
Bathroom 1.77 x 2.25
The bathroom is part tiled and fitted with a three piece white suite comprising of a bath with shower over, low level and pedestal wash hand basin. There is a radiator and double glazed window to the side aspect.
Second Floor Landing Bedroom 3.37 x 4.70
With radiator and double glazed window
Outside There is a small fore garden giving some roadside privacy and a paved rear yard
