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The Coach House, Chesterfield Road, Alfreton, Derbyshire DE55 7DT

Lot no: 14 Sold Prior
 

Guide Price £300,000+ plus fees


Thursday 13th August 2015

2.45pm
Key Features
  • High yielding investment property
  • Fully let to a housing association on a 15 year contract
  • 12 lettable rooms with rent increase each year
  • Current rent approx. £35,000 p.a. increasing to approx. £55,000 p.a. in 2029
  • EPC Rating: D
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Sold Prior

Not Specified

Property Description:

An interesting and rarely available investment opportunity comprising 11 fully furnished en-suite bedrooms and 1 studio bedroom/warden room.

Summary

The property is fully let to a housing association on a 15 year contract which includes a guaranteed rental income with no void periods, no letting/management fees and an inclusive refurbishment programme every 5 years.

Location

The property is situated in Alfreton town centre, just off the High Street which offers a wealth of amenities. Alfreton has excellent road networks which provide access to the A38 and M1, Nottingham, Derby and Sheffield.

Size

The 18th century converted coach house has a gross internal floor area of approximately 480m2 and provides the following living accommodation over two floors:

11 self-contained en-suite bedrooms
1 warden studio room
Communal kitchen
Dining room
TV room
Rear courtyard

Tenure:

Freehold.