King Of Diamonds Langwith Road, Nottinghamshire, Mansfield, NG20 9RN

  • Conditional Online Auction Sale
  • Guide Price* : £500,000

FOR SALE BY CONDITIONAL ONLINE AUCTION
On behalf of Birchover

Bidding Ends 18th August 2017 @ 12pm
Contact SDL Auctions for details or visit www.sdlauctions.co.uk


  • Eighteen Bedrooms
  • Three Kitchen Diners
  • Gas Central Heating
  • Ampel Parking
  • Currently Generating £1165 PER WEEK

Property Description

FOR SALE BY CONDITIONAL ONLINE AUCTION
On behalf of Birchover

Bidding Ends 18th August 2017 @ 12pm
Contact SDL Auctions for details or visit www.sdlauctions.co.uk

18 Bedroom HMO

11 per cent YIELD Currently tenanted!

The property is currently generating £1165 PER WEEK with potential of earning £1375.

This 18 bed HMO is a great investment, viewings highly recommended

The property is split into 3 units comprising of 6 bedrooms, 2 shower rooms and kitchen/diner.

Ample parking and neutral décor throughout


Conditions of Sale

The Conditions of Sale will be available online at least seven days prior to sale ending and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the end of the auction.


*Start Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.


Viewing Details

By arrangement with the auctioneer 0345 319 2162 or can be booked online www.sdlauctions.co.uk/online-auctions


Energy Performance Certificates

EPCs can be viewed in full on our website www.sdlauctions.co.uk on the sales details page or in the legal pack.


Conditional Online Auction Procedure

Every online bidder on SDL Auctions must first create an account at www.sdlauctions.co.uk/online-auctions. This is a very quick and simple process. In order to bid, you will need to be authorised for money laundering purposes, this will be carried out at the registration stage. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.

Once you have registered, you will be able to search, download legal documents, arrange site viewings and contact the Auctioneers and the solicitors if you have queries on the property.

If you are the successful bidder, at the end of the specified time period, you’ll enter into a reservation agreement with the seller and have 28 days within which to exchange. If you fail to do so, you may lose your reservation fee. During the 28 day reservation period, the seller is not able to accept other offers.

The sale of each Lot is subject to a reservation fee of 4% + VAT (4.8% inc VAT) subject to a minimum £5,000 +VAT (£6,000 inc VAT). The reservation fee does not contribute towards the purchase price.

We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract.

By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.

Full terms and conditions are available at www.sdlauctions.co.uk/online-auctions


Joint Agent

Birchover



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Joint Agent

For viewings please contact:
Birchover
0330 122 9960
leads@birchover.com

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