Colwick Road, Nottingham

SALE METHOD This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties' personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300 inc VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a Non Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase
price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional. 

SUMMARY HMO Opportunity! Located within Sneinton on Colwick Road is this well-presented 9-bedroom HMO in Sneinton, producing an annual income in the region of £45,180 pa let to working professionals on varying terms. Sneinton is a dense residential area to the east of Nottingham City Centre, with a diverse and thriving community generally offering affordable housing to professionals close to the city centre with Old Market Square a 1.5-mile walk away. There are numerous bus routes into town and the property is also close to southern and eastern commuting routes out of the city.

The property itself was renovated over the latter parts of 2019 to the summer of 2020, providing significant rental uplift and improved occupancy with rooms let for between £425 and £450 per calendar month. The HMO consists of 9 double bedrooms, sharing 3 bathrooms and an open plan kitchen, living and dining area with a rear paved garden. Parking is available on the street.

Tristram's welcomes this ready-made investment property for sale, with tenants in situ paying £3600pcm. Buy this property & have an investment ready to earn a return from completion. If you wish to keep the property with Tristram's, we can ensure continuity with the current tenants, simply buy the property, and sign 1 document electronically and all the future rent will come to you, we aim to make the process easy and hands-free for our investors. 

FREE PROPERTY VALUATION Thinking of Letting/Selling a property? Call Tristram's today to get a FREE property valuation and FREE advice at ! Visit our website too: We are a highly star-rated Google agent - Search Tristram's Sales & Lettings in Google to see extensive reviews from our clients! 

DISCLAIMER Money Laundering Regulations: Tristram's ask intending purchasers to produce identification documentation. Any delay in receiving this information may cause a delay in agreeing a sale.

Measurements: The room sizes are approximate and are only intended as a guide to the size of the property. We would advise you to verify any measurements that you may require.

Services: Please note Tristram's do not test services, any equipment or appliances in the properties that we market, therefore we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

These particulars are issued in good faith as a guide to prospective purchasers, they do not constitute representations of fact or form part of any offer or contract. The particulars of any property we market should be independently verified by prospective buyers. Neither Tristram's Property Services Ltd nor any of its employees or agents has any authority to make or give any representation or warranty whatsoever in relation to this property. Tristram's has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
While we endeavour to make our sales particulars as fair, accurate and reliable as possible, they are only a general guide for prospective purchasers, therefore if there is any point which is of a particular importance to you, please contact the office and we will be pleased to look into this for you.