Lot 72 - 35 Beck Crescent, Mansfield, Nottinghamshire, NG19 6SZ
Lot 72 - 35 Beck Crescent, Mansfield, Nottinghamshire, NG19 6SZ
Addendum
Reduced guide price
Guide Price* : £170,000+
- Unconditional Online Auction Sale
- 5 Bedrooms
LOT 72 - Five Bedroom Licensed HMO
Description
ONLINE AUCTION from 13th DECEMBER-15th DECEMBER
A five bedroom licensed HMO. The property has been freshly refurbished to a high standard, comprising four en-suite and one off-suite bedroom. The property benefits from a spacious fully fitted kitchen ideally specified to accommodate HMO tenants with ample facilities including two separate cooking hobs and ovens.
There is off road parking available and a large garden to the rear of the property.
Tenant profile would typically be blue collar workers with a significant Amazon distribution outlet and other large employers being situated nearby.
The licence has been issued and the property is ready to let. The full market value is considered at £260,000 with a market rental income estimated at £28,800, therefore representing an 11% yield.
Services
The property benefits from gas, water and electric (not tested).
Council Tax Band
A
Tenancies
To be sold with vacant possession
Tenure
Advised Freehold - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Guide Price* : £170,000+
- Unconditional Online Auction Sale
- 5 Bedrooms
LOT 72 - Five Bedroom Licensed HMO
Viewing
Paul Fosh Auctions
Office Contact
Debra Bisley
Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.