UK Property Auctions excited to bring to the market this perfect Opportunity to purchase a 5 Bed Mid Terrace HMO investment property, achieving £24000 PA when fully let, set in a prime location close to amenities, LE5.  

Description

An ideal opportunity to purchase or add a 5 Bed Mid Terrace HMO to a new or existing property portfolio, or potential to convert back to a family home if required.

Accommodation briefly;- Set over 3 floors presently comprising of two reception rooms, and kitchen to the ground floor, three good size beds to the first floor, and a further two beds with family bathroom to the top floor.

Potential yearly income when fully let of £24000 PA.

Location;- Prime location between Highfields and Evington Valley, within walking distance of amenities and the University of Leicester.

Tenure- Freehold (subject to existing tenancies)

Plus, we will arrange for the smooth transition to the new owner who can use our professional managing / letting service if required.

*Auction Date and Time*

Property is listed in our 23rd September 2021 Live Streamed Property Auction

You must be registered in order to bid at the auctions,

To register please call the office on or email.

*Guide Prices and Reserve Prices*

Each property sold is subject to a Reserve Price. The guide Price is issued solely as a guide so that a buyer can consider whether to pursue their interest. A full definition can be found within the Buyers Section of our website.

*Unconditional Online Auction Procedure*

The Purchaser shall pay a 5% deposit (subject to a minimum of £3,000) upon the fall of the hammer. In addition, a Buyer-s Premium of 3% or minimum of £1995.00 + 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). The Agent has not tested the utilities, appliances, or inspected the roof space. The floor plans and dimensions are for guidance only.

*Pre /Post Auction Offers*

Some vendors will accept offers prior to auction, Whether the property sells pre or post auction the property is sold under common auction conditions this is inclusive of any special conditions contained within the legal pack for the property.

*Legal Pack*

The legal pack will be available online at least seven days prior to sale ending. It is the responsibility of the Buyer to have read and understood all parts of the legal pack and the conditions of sale. Upon bidding on the property, it will be assumed that you have read and fully understood the legal pack and your obligations.