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The Old York Tavern, 23 York Street, Friar Gate, Derby, Derbyshire DE1 1FZ

Lot no: 45 Sold at Auction for £249,000
 

Guide Price £225,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 22nd February 2018

11.30am
Key Features
  • Former pub converted into two separate flats producing £32,000 p.a. gross
  • Situated in the popular Friar Gate area close to the City centre
  • Superbly presented and well equipped living student accommodation
  • Excellent freehold high yield investment opportunity
  • EPC Rating: Flat 1 - C; Flat 2 - C
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Sold at Auction for £249,000

Block of Apartments

Property Description:

To the ground floor there is a communal entrance and the self-contained ground floor flat consists of a large L-shaped open plan living kitchen dining area measuring 26’9” x 28’8” with a kitchen area comprising a range style cooker and a double bedroom to the front. There is a passageway located to the rear of the property which leads to three double bedrooms, one of which has a study area, a spacious bathroom with four piece suite and separate shower, separate guest wc and a conservatory leading through to a useful storeroom.

The first floor comprises a self-contained flat with a galleried landing with three double bedrooms, a spacious kitchen diner with built in appliances and a bathroom with four piece suite and separate shower.

Outside to the rear there is an enclosed low maintenance garden.

The property is located in an exceedingly popular location situated within literally yards of a range of public houses, nightclubs, some delightful period architecture and easy reach of the City centre. Excellent freehold high yield investment opportunity.

GROUND FLOOR SELF-CONTAINED FLAT
Communal Entrance Hall
L-Shaped Open Plan Living Kitchen Dining Area 26’9” x 28’

With sealed unit double glazed window in uPVC frame, two central heating radiators. The kitchen area comprises a comprehensive range of wall mounted cupboards with matching base units, L-shaped preparation surface with stainless steel sink and drainer, mixer tap and splashback tiling. There is a stainless steel range style cooker included within the sale with cooker hood over, plumbing for washing machine and door leading through to the rear passageway.

Front Bedroom 15’9” x 10’9”

With sealed unit double glazed window in uPVC frame and central heating radiator.

Rear Passageway
Double Bedroom (not measured)

Located to the right hand side of the passageway. The auctioneers have not inspected this room but believe it to comprise sealed unit double glazed window in uPVC frame and central heating radiator.

Middle Bedroom 10’3” x 8’4”

With Velux roof light and central heating radiator.

Study Area 9’ x 8’5”

With uPVC double glazed window, loft access and central heating radiator. Access through to –

Bedroom 12’6” x 9’

With central heating radiator and door leading out onto the garden.

Bathroom

Fitted with a four piece suite in white comprising a panelled bath with low level wc, wash hand basin, quadrant shower tray, complementary tiling to the walls and heated towel rail.

Separate wc

Affording a low level wc.

Located to the rear of the passageway there is an opening through to a –

UPVC Double Glazed Small Conservatory/Sun Room

With access through to a useful Storage Room.

SECOND FLOOR SELF-CONTAINED FLAT

Entered by entrance door from off the ground floor communal entrance hall which in turn leads to –

Open Galleried Landing

With uPVC double glazed window to the front elevation.

Kitchen Diner 13’3” into chimney recess x 9’9”

With sealed unit double glazed window in uPVC frame. The fitted kitchen comprises a range of wall mounted cupboards with matching base units, L-shaped preparation surface with stainless steel sink and drainer, mixer tap and splashback tiling. There is an integrated electric oven with hob, chimney style fan assisted illuminated cooker hood over and central heating radiator.

Front Bedroom 13’6” into chimney recess x 11’2”

With sealed unit double glazed window in uPVC frame and central heating radiator.

Front Bedroom 13’5” x 10’9”

With sealed unit double glazed window in uPVC frame and central heating radiator.

Rear Bedroom 13’2” x 10’

With sealed unit double glazed window in uPVC frame and central heating radiator.

Bathroom

With sealed unit double glazed window in uPVC frame. Fitted with a modern four piece suite in white comprising a panelled bath, low level wc, wash hand basin, quadrant shower tray, complementary tiling to the walls, heated towel rail and a range of down lighters.

Outside

To the rear there is an enclosed low maintenance garden.

NOTE

Certain white goods and furniture are included in the sale. Please see legal pack for details.

Tenure:

Freehold. Subject to tenancy.


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.