Lot 60A
    Block of Apartments
    Hillcrest
    Kenilworth Drive, Ilkeston, Derbyshire, DE7 4RW
    £1,500,000+
    Guide Price (plus fees)
    Number 1
    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
    8 Week Completion Available

    Description

    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

    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.

    Addendum

    5 out of 44 rooms have recently become vacant - so the combined income has temporarily gone been reduced to £237,628pa. The vacant rooms are expected to be let again soon, the ERV remains the same.
    Viewing Appointments to be Confirmed
    For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on
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    Additional Fees and Disclaimer

    Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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    Hillcrest, Kenilworth Drive, Ilkeston, Derbyshire, DE7 4RW
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    For all enquiries, please contact Noah at noah@auctionhouselondon.co.uk

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