House of Multiple Occupation for auction in Sheffield

Description

A particularly spacious inner terrace located in the heart of this long established area well served by facilities on nearby Abbeydale Road and in Nether Edge. The property comprises a long established HMO that is now vacant and offers potential for ongoing use as an HMO, conversion to flats or reverting to a spacious family house.

General improvement is required and the extensive accommodation includes 8 letting rooms over three floors.

Accommodation

Ground Floor
Reception Hall

Front Bedroom 1

Sitting Room

Kitchen

First Floor
Landing

Understairs Store

Rear Bedroom 2

Rear Bedroom 3

Front Bedroom 4

Front Bedroom 5

Second Floor
Landing

Rear Bedroom 6

Front Bedroom 7

Front Bedroom 8

Shower Room/WC

Basement
Cellar

Outside

Forecourt parking and rear garden area.

Tenure

Leasehold

Lease Length

500 years from 25th March 1903.

Occupancy

Vacant posession upon completion

Costs

Auction Details

The sale of this property will take place on the stated date by way of Multi lot timed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.8% of the purchase price (subject to a minimum of £2,400 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

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