A truly superb opportunity to acquire a very imposing late Victorian semi-detached house arranged over three floors currently let on a 10 year lease from 2013 producing a gross reserved rent of £25,000 per annum.
Internally the spacious character accommodation boasts neutral décor throughout along with the benefit of double glazing and gas central heating and a recommended internal inspection will reveal entrance hall with staircase to first floor, double bedroom, lounge with access through to the uPVC double glazed conservatory, a well appointed breakfast kitchen with comprehensive range of built in appliances and a utility room. To the first floor the split level landing there is an enclosed passageway which leads to a bedroom, shower room and separate wc. From the split level landing to the front of the property there are three bedrooms (bedroom two with en-suite). To the second floor landing there is a separate wc, bedroom five with en-suite and bedroom six. The property is set back from the road on an elevated plot with original built stone retaining wall with small fore garden. Adjacent to the property is Highfield Road where the access to the tarmacadam driveway which is located to the rear of the property with an enclosed and easy to manage garden. The property occupies an exceedingly popular and convenient location in the Five Lamps area of Derby which is very close to the City centre and offers excellent road network connections with regular bus service. The sale provides a genuine opportunity for a discerning purchaser looking to acquire an excellent freehold investment property offered for sale at a very attractive guide price. The accommodation in detail which is double glazed and gas centrally heated throughout comprises –
With staircase to first floor, door to cellar.
With double doors leading through to –
UPVC Double Glazed Conservatory
Well Appointed Breakfast Kitchen Room
With a comprehensive range of built in appliances.
Separate Utility Room
First Floor Split Level Landing
With internal passageway leading through to –
With a Shower Room and Separate WC.
Located off from the split level landing to the front of the property is –
With En-Suite Room.
Bedroom Three (Front)
Bedroom Four (Side)
Second Floor Landing
The property is set back from the road on an elevated plot behind a stone built retaining wall with fore garden which is mainly lawned with flower beds and pathway leading to the front door. Immediately to the rear of the property there is an enclosed garden with patio which is mainly laid to lawn with flower beds and a tarmacadam driveway which is accessed off Highfield Road.
Freehold. Subject to tenancy. We are informed by the seller the property is on a 10 year lease from 2013 with Derby County Football Club with a rent review July 2018 and a break-out clause in July 2020 expiry June 2023.
Freehold. Subject to tenancy.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction 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 the auction. 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.
A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.
*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, 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. 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 the Guide Price and the Reserve Price click here.
Energy Performance Certificates
EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.
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 or cheque deposits. Remote bidding facilities are also available.
The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.
The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.