Lot 3 - 146, 148, 150 Nottingham Road, Nottingham, Nottinghamshire, NG7 7BA

  • Unconditional Online Auction Sale
  • Guide Price* : 600,000
  • Bedrooms: 12
  • Bathrooms: 3
  • Reception Rooms: 3

A portfolio of 3 adjoining properties, each property is a 4 bedroom HMO. All 3 properties are under a 5 year lease to a housing association.

Description

• A portfolio of 3 properties which are all 4 bedroom, 1 bathroom HMO’s with a combined annual income of £60,025.68
• Recently renovated and well maintained
• All leases are with the same housing association with 5-year leases until 1st September 2029
• Each property has a large communal kitchen and communal lounge space
• All properties benefits from a rear garden
• Impressive 10% net yield on guide price

Location

Nottingham Road is located within a 25-minute walk of Nottingham city centre. Access to the A610 and the M1 motorway is a 15-minute drive away, providing convenient links to Derby, Leicester, and the wider Midlands region.

Within walking distance is a range of shops, supermarkets, and local amenities, as well as Nottingham Trent University and The Forest Recreation Ground. A short drive away are the Victoria Centre, Nottingham Castle, and the vibrant Lace Market area.

Transport links are provided by Nottingham Station, offering direct rail services to London St Pancras, Birmingham, and Sheffield.

Accommodation

146 Nottingham Road - Tenancy agreement dated 2nd September 2024 for 5 years until 2nd September 2029. Rental income £1667.38 per calendar month

148 Nottingham Road - Tenancy agreement dated 2nd September 2024 for 5 years until 2nd September 2029. Rental income £1667.38 per calendar month.

150 Nottingham Road - Tenancy agreement dated 2nd September 2024 for 5 years until 2nd September 2029. Rental income £1667.38 per calendar month

HMO Compliance

- EICR
- Fire and Gas Safety Certificates (Including FRA, Emergency Lighting Test and Fire Alarm Test Certificate)
- Boiler Certificate
- Fire doors

Additional information can be found in the legal pack

Vendors Solicitor
Matthew Maiden
01623675805

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). This is not necessarily a figure which a property will sell for and may change at any time prior to the auction. Every property will be offered subject to a Reserve Price (this is the sellers minimum expectation) which will be set within either a Guide Range or no more than 10% above a single figure Guide Price.

The Buyers Administration Fee of £1,500 (inclusive of VAT) is a separate charge payable in addition to the price a Lot sells for. In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, HMO X Auctions must hold a minimum amount from all bidders. This participation amount and administration fee are fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (which forms part of your 10% deposit payment) and the buyers administration fee of £1,500 (inclusive of VAT).

Please note that Lots may be sold or withdrawn prior to auction without prior notice.

Any information provided by HMO X Auctions or the seller, whether in writing or orally, does not constitute a representation, condition, or warranty. The information given is for illustrative purposes only and should not be considered as fact. Any mistakes, omissions, inaccuracies, or mis-descriptions in the information provided will not give rise to any legal action or compensation against HMO X Auctions or the seller.

All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of HMO X Auctions or the seller.

Loading the bidding panel...

Vendors Solicitor

Matthew Maiden
01623675805

Agreement Documents

Legal Documents

Log in to view legal documents

Related Documents

Virtual Tour

View a Virtual Tour

Make an Enquiry

Submit an enquiry and someone will be in contact shortly.

 
*  
*  
*
*
*

Share