End of Terrace
FOR SALE BY AUCTION: THURSDAY 10TH SEPTEMBER.
AT IPRO STADIUM, DERBY.
COMMENCING AT 11.30 AM.
Situated on Prince Street within easy reach of Ilkeston town centre, a substantial investment property comprising of two terraced houses occupying a generous plot with five garages to the rear. The properties currently generate £14,320 per annum and offer excellent value.
Two terraced houses consisting of :
35 Prince Street
A three bedroomed end terraced house with lounge, dining room, kitchen, rear entrance porch/utility area, bathroom and three bedrooms. Garden to rear.
36 Prince Street
A two bedroomed mid terraced house comprising kitchen, living room, two bedrooms and bathroom. Garden to rear.
Tenancy Details:
35 Prince Street is let on an assured shorthold agreement at £540 per calendar month (£6,480 p.a.)
36 Prince Street is let on an assured shorthold at £100 per week (£5,200 p.a.).
Garages
To the rear of the properties there are five garages, all let.
Directions
From the Tesco roundabout at the bottom of the town turn into Granby Street, bearing left after 100 yards by the church into Cotmanhay Road. At the mini island turn left onto Church Street and Prince Street is the first turning on the left.
Vendors Solicitors/Licensed Conveyancers
Sharp Young & Pearce, 6 Weekday Cross, Nottingham NG1 2GF. Telephone 0115-959 0055
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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
A substantial investment opportunity
Two terraced houses and block of five garages
Current income £14,320 p.a.
Popular residential location
EPC Ratings : 35 - E; 36 - D
