For Sale By Auction | 09:00, 11 December 2024 | Lot 60A

Hillcrest, Kenilworth Drive, Ilkeston, Derbyshire, DE7 4RW

*Guide | £1,500,000+ (plus fees)

  • Block of Apartments
  • 44 Bedrooms
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Auction Date

Wed 11/12/2024

Auction Time

09:00

Auction Venue

Live Stream

A Substantial Detached Building Arranged to Provide Five HMO Flats (2 x Ten Bedrooms, 1 x Nine Bedrooms, 1 x Eight Bedrooms, 1 x Seven Bedrooms) Part Let Producing £248,168 Per Annum Combined. Estimated Rental Value would be £265,568 Per Annum Fully Let

The property comprises a detached building arranged to provide five flats all used as HMOs (2 x Ten Bedrooms, 1 x Nine Bedrooms, 1 x Eight Bedrooms, 1 x Seven Bedrooms) arranged over ground and first floors.

Tenure

Freehold

8 Week Completion Available

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Straws Bridge are within easy reach. Transport links are provided by Ilkeston rail station.

Accommodation

Flat 1 Communal Reception Room and Open Plan Kitchen Ten Bedrooms (Seven with En-Suite Bathrooms) Bathroom WC Flat 2 Communal Reception Room and Open Plan Kitchen Nine Bedrooms (Two with En-Suite Bathrooms) Two Bathrooms WC Flat 3 Communal Reception Room and Open Plan Kitchen Seven Bedrooms Two Bathrooms WC Flat 4 Communal Reception Room and Open Plan Kitchen Ten Bedrooms Two Bathrooms Two WCs Flat 5 Communal Reception Room and Open Plan Kitchen Eight Bedrooms (Two with En-Suite Bathrooms) Two Bathrooms Two WCs

Exterior

The property benefits from thirteen parking spaces.

Tenancy

The property is part-let (4 vacant rooms) to individual tenancies at a combined rent of £248,168 per annum. Please refer to the legal pack for a full tenancy schedule.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.