Map6 bedroom property for sale
Key information
Features and description
- Tenure: Freehold
- Investment Opportunity
- Mixed Use Portfolio
- Freehold Title
- 36 Bed HMO
- 4 Retail Units
We are pleased to offer for sale via auction this unique investment opportunity. The property comprises of 4 commercial units at street level and a 36 bed 11 bath HMO on the first and second floors. Having been recently refurbished up to a modern standard the property offers prospective buyers a turn-key investment. Currently the property is fully let and generates an annual income of approx. £199,760 per annum. The property is well placed within Sheffield and is less than a 10 minute walk into the city centre.
Please note that Pattinsons have not inspected this property.
Rooms
Location
The subject property is located along Stanley Street, Sheffield. Less than 10 minutes on foot into the city centre with easy access to the local amenities and transport links. Sheffield itself lying approximately 35 North of Nottingham and 37 miles East of Manchester via the M1 and A57.
Accommodation
The property comprises of 4 ground floor retail units and a 36-bed 11-bath set over the first and second floors.
Tenure
Freehold. TITLE NUMBER: YWE55505
Tenancy Information
36 Bedroom HMO - £158,000 (on a room by room basis)
Shop 1 - £12,000
Shop 2 - £10,000
Shop 3 - £9,880
Shop 4 - £9,880
Total - £199,760
EPC
Rating E
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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