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.
Currently earning £2,200pcm on rent, but can be reviewed.
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.
Unconditional Sale- The Purchaser shall pay a 5% deposit (subject to a minimum of £5,000) upon the fall of the hammer. In addition a 3% Buyers Premium + VAT (Minimum Fee £2394 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). The Agent has not tested the utilities, appliances, or inspected the roof space. The floor plans and dimensions are for guidance only.