For Sale - HMO investment

228 Cinderhill RoadBulwell, Nottingham, NG6 8SB

£725,000 offers in excess of

3,798 Sq Ft (353 Sq M)

Site
Residential Investment - Under Offer

Key Features - Under Offer

  • Sale: £725,000 offers in excess of
  • 3,798 Sq Ft (353 Sq M)

  • 18 bedsits with shower / WC - 2 kitchens per floor
  • By informal tender, bids 12 noon 5th August
  • Producing £80,280 per annum, inclusive of costs
  • 0.19 acre site fully hard surfaced for parking
  • Situated opposite Headstocks Public House
  • Adjacent bus stop

Location

Bulwell is a market town 3 miles south-west of Hucknall and 4 miles north of Nottingham.

The HMO for sale is situated on Cinderhill opposite the Headstocks Public House. Cinderhil is a prominently residential street which connects with the A610 0.2 miles to the south. Opposite the property is a bus stop providing regular public transport link.

Description

18 bed HMO in 0.17 acre site with ample parking. Fully let producing £80,280 per annum inclusive of running costs.

Each unit has its own WC and shower room and generally benefits from laminate floor coverings, electric heating and LED lights. There are two shared kitchens per floor. A1 and the kitchens have recently been refurbished.

Accommodation

Areas have been taken from architect plans.

Planning

We understand the property has an established HMO use ((Sui Generis) under The Town and Country Planning (Use Classes) order as amended. By way of a permission referenced 18/01367/PFUL3 consent was granted for the conversion of the ground floor into 6 self contained studio flats. This was not implemented and lapsed January 2022. All parties should confirm the planning position with the relevant Local Authority.

Services

All mains services with the exception of gas are connected to the property.

Rating

The property has 6 Council Tax assessments, each banded A.

Tenure

Freehold

The semi-detached 18 bed HMO available freehold subject to existing AST's. The site is to be sold by informal tender with purchasers invited to submit offers in writing by 12 noon 5th August 2022. Bids are to exceed the asking price and should contain; Purchaser details, solicitor details, timing, any conditions and advice on funding status.

Price

Sale: £725,000 offers in excess of

VAT

All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.

EPC

B(40)

Viewing

Please check our website for a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting our commercial property agents. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.

Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Paper Copying Licence

100062569

Note

Plans, maps and drawings are not to scale.

Particulars Updated

09-Aug-2022

Omeeto

Please check our website for a suite of photos, videos and virtual tour. Users can also access our data room for various property documents.

A1 A1

Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.


Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.

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