February 2021: Tuesday 09 February 2021 - 9:00am
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    Key features

    • Centrally located close to the University
    • Fully let producing a rental equivalent to £32,616 per annum
    • 7 bedroom HMO
    • Investment opportunity

    Description

    A traditional semi detached property converted to a H.M.O. offering 7 bedroomed accommodation rented to the student sector with an annual rental income of £32,616. The property has been re-roofed and extended to the rear to create a large kitchen / dining area, also benefitting from gas central heating and a garden area to the rear. Four of the rooms have wash basins. The property is at present fully let for the academic year 20/21. A letting for the following academic year has also been agreed at an increased rental, refer to the legal pack for further information.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground floor - Two bedrooms, communal kitchen / reception area

    First floor - Three bedrooms, bathroom / w.c

    Second floor - Two bedrooms, shower room / w.c.

    Outside - Rear garden

    Tenancy

    The property is currently let to students on 7 separate AST agreements which expire around the end of July 2021. A letting for the following academic year has been agreed on a single AST agreement

    Rent

    Equivalent to £32,616 per annum
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Sherwin Road lies within a popular established residential area just to the west of the city centre.

      Situated close to Midland Road in an area popular with students being approximately 0.3 miles from the medical school and less than a mile from the Jubilee Campus.

      Convenient for the local amenities found in Lenton

      There are many fashionable shops bars and restaurants in the city centre which is approximately 1.2 miles to the east.

      Recreation amenities can be found at Lenton Recreation Ground.

      Transport

      Nottingham - National Rail

      Legal documents

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      EPC rating

      The EPC rating for this property is D

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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