Town House
FOR SALE BY AUCTION: THURSDAY 16TH APRIL 2015
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
DRAFT DETAILS ONLY.
Well situated on the fringe of the City centre, an opportunity to acquire a substantial three stored Victorian town house divided into two self-contained lettings units, one occupying the whole of the ground floor accommodation and the other occupying the first and second floor accommodation. The ground floor has recently been damp proofed and a guarantee is in force. Both have their own gas central heating systems.
Situated a short distance of Friar Gate and also within easy reach of the City centre, the property forms a first class investment property, and there could be scope for increase in rental yield.
In more detail the accommodation is as follows
Arched Recessed Entrance Porch
Communal Entrance Hall
53A Stafford Street (Ground Floor)
T-Shaped Entrance Hall
With access off to Cellar, central heating radiator.
Sitting Room
With bay window and central heating radiator.
Dining Kitchen
With usual range of fittings including inset stainless steel sink, double radiator, wall mounted central heating boiler, rear entrance door.
Shower Room/wc
With pedestal wash basin and central heating radiator.
Double Bedroom.
Externally
Rear yard and garden.
53B Stafford Street (First and Second Floors)
Stairs to Internal Landing and L-Shaped Entrance Hall having central heating radiator.
Dining Kitchen
With usual range of fittings including inset stainless steel sink, central heating boiler and double radiator.
Bathroom
With white three piece suite of fittings and central heating radiator.
Spacious Sitting Room
With central heating radiator.
Stairs to Second Floor Landing
Bedroom One
With central heating radiator and dormer window.
Bedroom Two
With central heating radiator and Velux roof light.
Outside
Small forecourt which is largely surfaced for ease of maintenance.
Vendors Solicitors/Licensed Conveyancers
John M. Lewis & Co, 92 St. Peter's Street, Derby DE1 1SR telephone 01332-292204
Tenure
Freehold. Subject to tenancies.
Tenancy Details
53A is let on an assured shorthold agreement at £350 pcm. 53B is let in an assured shorthold agreement at £400 pcm. Combined reserved rent £9,000 per annum. It is considered that there is scope for increase in the rental yield, 53A is due for a rent review shortly.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of all property is subject to a buyers fee of £750 (inc VAT).
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary
FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE
LARGE EXCELLENT RESIDENTIAL INVESTMENT PROPERTY
Three storied Victorian town house divided into two flats
One x 2 beds; one x 1 bed: both centrally heated & self-contained
Both let on assured shorthold agreements - £9,000 per annum
EPC Ratings : Flat 53a - D and Flat 53b - E
