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Heanor properties set to go under the hammer

2nd December 2013 – Graham Penny Auctions, the number one property auction house in the Midlands*, has a portfolio of properties in the popular town of Heanor on offer in its next auction on Thursday 5th December at Pride Park Stadium.

The six properties set to go under the hammer this week are ideal for landlords, investors and owner occupiers alike and with attractive guide prices they’re set to create a few smiling faces this Christmas.

For landlords looking for a new investment there is an enticing mixed use property and a two bedroomed terraced property on offer. 11/11a Derby Road, on the corner of Derby Road and Mount Street, is an excellent double fronted two storied property which has recently been the subject of a thorough refurbishment scheme. The ground floor is used as a cafe and let on a five year lease which commenced in May 2013 and the flat is let on an assured shorthold agreement which has a further six months of a twelve month agreement period to run. The guide price is £80,000+.

For those looking for a residential property, 38 Fletcher Street is a good quality, relatively spacious house which has the benefit of uPVC double glazing and is well suited to the rental market. The property requires a modest amount of expenditure to improve and internal inspection is strongly recommended. The guide price is £55,000+.

Howitt StreetThe catalogue also features two ideal opportunities for an owner occupier or investor to acquire good sized accommodation at sensible prices with 31 Howitt Street and 84 Aldreds Lane. Howitt Street is a traditional three bedroomed terraced property which is in need of modernisation throughout and is reflected in the attractive guide price of £58,000+.

Aldreds Lane is a three bedroomed semi-detached property with double glazing and a large garden which extends to the side and rear of the property offering scope for extension (subject to planning consent). It is in need of modernisation and has a guide price of £78,000+.

The ideal property for a developer seeking their next project is 9 Whysall Street, a traditional detached property with a square bay window to the front at ground floor level with a guide price of only £45,000+.

Roper AvenueFor those interested in a commercial property, 115 Roper Avenue in Heanor, a purpose-built single storied hot food take-away and premises is offered at a guide price of £90,000+. The property is let on a 15 year lease from February 2011 at a current rent of £12,870 per annum, with two yearly rent reviews and rising to £22,800 per annum at the end of the term. The property is located on the end of a parade of shops with forecourt and consists a retail sales area, store room, preparation room, kitchen and wc.

Graham Penny, director and auctioneer at Graham Penny Auctions, commented: “With Heanor’s range of local amenities including shops, schools and leisure facilities and its position approx. eight miles away from Nottingham and Derby City centres makes it an ideal location for landlords, investors and owner occupiers.

“We also have a number of properties in Loscoe, Ilkeston and Langley Mill, highlighting that the property market in the Amber Valley area is prospering and helping to drive up property prices across the west of Derby.”

As a fitting conclusion to a successful year for Graham Penny Auctions, the December auction catalogue includes 70 residential and commercial property and land lots from across Derbyshire, the East Midlands and the rest of the UK with guide prices from £23,000 to £295,000.

To view the property catalogue for the Derby auction CLICK HERE or for more information on any of the properties call 01332 242 880.

*based on essential information group statistics. Based on lots offered, lots sold, revenue raised for 2012.