End of terrace house
The property is currently part let and part vacant and produces £13,680 per annum. We feel in our opinion when fully let it is likely to achieve in the region of £28,000 per annum.
The six apartments are all fitted with kitchens and modern bathroom suites and outside there are communal areas with sensor lighting.
Langley Mill is situated at the eastern edge of Amber Valley and forms a boundary with Erewash District council. The area is approximately 14 miles from the city of Derby and 4 miles from Nottingham with the A610 providing a useful link to other parts of the region and country via the M1 motorway and the A38. Langley Mill and Aldercar has a rich industrial heritage and recent investment has taken place in Langley Mill by Asda stores and MacDonalds creating employment opportunities. The train station is within short walking distance providing access to Sheffield and Nottingham making it ideal for commuters. Excellent high yield investment opportunity.
Flat 1 - Vacant.
Flat 1a - Currently tenanted and is producing £375 per calendar month.
Flat 2 - Vacant.
Flat 3 - Vacant.
Flat 4 - Currently tenanted and is producing £425 per calendar month.
Flat 5 - Currently tenanted and is producing £340 per calendar month.
The auctioneers have not inspected the property internally.
Freehold. Part let/part vacant.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.
