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Residential properties for auction in Forest Fields, Nottingham

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Auction venue - Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
4th September 2018 at 11:30 am

Guide Price* £110,000+
plus fees

A house of multiple occupation

Property Description
A house of multiple occupation with accommodation currently licensed for four persons (with a license currently in place) but with potential for more. The property is conveniently located in the sought-after Forest Fields area of Nottingham. This property represents an excellent opportunity for investors with its established C4 usage and current HMO Licence in this Article 4 regulated area of Nottingham. We believe the property has a prior rental income of £1,454 per 4 week period (equivalent £18,907 pa). There is also potential to add capital value by undertaking some refurbishment and modernisation works. The accommodation briefly comprises:

Ground Floor:
Communal Hallway
With a hard-wired fire alarm system and emergency lighting

Room One
Lounge/sleeping area with kitchenette

Room Two
Lounge/sleeping area

Kitchen
First Floor:
Shower Room One
Shower Room Two
Shower Room Three
Bathroom
Room Three
Lounge/sleeping area with kitchenette

Second Floor:
Room Four
Lounge/sleeping area with kitchenette

Outside

Tenure
Freehold. Vacant possession upon completion.
37, Birrell Road, Nottingham, NG7 6LN
A house of multiple occupation
Type: House, Mixed Use, Residential, Other Property Types & Opportunities
Location: 37 Birrell Road, NG7 6LN
Images: 10
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