Semi-Detached House
FOR SALE BY AUCTION: THURSDAY 4th JUNE
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
DRAFT DETAILS ONLY.
Located in a residential area close to all amenities, an opportunity to acquire a substantial freehold property which is divided into six studio flats, all electric, double glazed and recently refurbished.
Improvement work in the last few months has included new kitchen to each unit, new showers to five of the units and some other new sanitary fittings. A new mains fire alarm has been installed. Subject to planning, it is considered that there is opportunity to construct a further flat at the rear corner of the site but the present lets yield £26,000 per annum.
Each unit has a living room, kitchen, bedroom and bathroom and are arranged over three floors.
Management and service charges are levied in addition.
Directions
Leave the City centre from the Normanton Road end up Mill Hill Lane, continuing onto St. Chads Road and the turning left onto Empress Road. At the T-junction with Howard Street turning right and Northumberland Street is the first turning on the left.
Vendors Solicitors/Licensed Conveyancers
Potter & Co, 23 Dale Road, Matlock, Derbys DE4 3LT telephone 01629-582308
Tenure
Freehold. Subject to tenancies.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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
SUPERB HIGH YIELD RESIDENTIAL INVESTMENT
Six refurbished letting units
Full occupancy producing £26,000 per annum
Double glazed accommodation with new mains fire alarm fitted
EPC Rating : C
