Auction House / Northamptonshire

  • For Sale By Unconditional Online Auction
  • Guide Price* : £300,000 - £350,000
  • Bidding Opens 10/03/2025 13:00

278 Queens Road Beeston, Nottingham, Nottinghamshire, NG9 2BD

Description

This fully licensed 5-bedroom HMO, recently refurbished to an excellent standard, offers a prime investment opportunity. Extending to approximately 1,800 sq ft, the property is now fully let to Uni Let on a 50-week tenancy generating a gross annual income of £34,000 delivering an impressive 10% yield.

The accommodation is spread across three floors, featuring an entrance hall, lounge, kitchen, bedroom, and bathroom on the ground floor. The first floor includes three additional bedrooms and a bathroom, while the second floor offers two further rooms. A rear courtyard garden, with side access, provides space for bike storage. Ideally located across from the local Co-op and just a 10-minute walk from Nottingham University, this property is situated in the heart of Beeston.

ACCOMMODATION
GROUND FLOOR Entrance hall, lounge, kitchen, bathroom and room one.
FIRST FLOOR Landing, bedroom two, bedroom three, bedroom four and bathroom.
SECOND FLOOR Room five, spare room.
OUTSIDE A courtyard garden with access to the side.

Tenure: Freehold

EPC Rating: E

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.

Buyers Premium

The purchaser will be required to pay a buyers premium of £3,600 (£3000 plus VAT).

Administration Charge

The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).

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* Guide | £300,000 - £350,000
  • 5 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 01604 259 773 for more information

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Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.