Block of Apartments
***VIRTUAL TOUR*** A superb residential investment opportunity to acquire three self-contained one bedroomed flats situated close to the city centre and University of Derby. Currently there are only two of the flats let producing a combined income of £8,520 per annum gross to include gas and when fully let with increased rents we would anticipate a combined income in the region of £15,000-£16,000 per annum.
All flats are well equipped with mostly uPVC double glazing, gas central heating and in brief comprises Flat One a ground floor entrance lobby with staircase leading to a landing with a living kitchen room, separate bedroom and shower room. Flat Two is accessed to the side of the property through a side porch with a living kitchen room, lobby with staircase to the first floor where there is a bedroom and separate shower room. Flat Three is a ground floor flat with rear hall, living kitchen room, bedroom and separate bathroom. Outside there are decorative wrought iron gates with gravelled driveway wrapping round to the rear of the property providing ample car standing space or even lending itself to an extension (stpc).
The property is situated in a favoured location within easy reach of the Royal Derby Hosipal, city centre, fashionable Friar Gate area and the A38 which provides swift access onto further regional business centres. Excellent buy-to-let investment opportunity.
Comprising -
Located to the front of the property with useful understair storage cupboard and staircase leading to the first floor.
With fitted cupboards and combination boiler.
With uPVC double glazed window to the front elevation, a range of wall mounted cupboards with macthing base units, drawers, preparation surface, stainless steel sink and drainer, central heating radiator.
With uPVC double glazed window to rear elevation and central heating radiator.
With obscure window to rear elevation and comprising a walk-in shower, low level wc, wash hand basin and complementary tiling to the walls.
Comprising -
With access through to -
With uPVC double glazed window to front elevation. Fitted with a range of wall mounted cupboards with matching base units, drawers, preparation surface, stainless steel sink and drainer, central heating radiator.
With staircase to first floor.
With uPVC double glazed window to front elevation.
Please note this is an irregular shaped room. With uPVC double glazed window to side elevation, wall mounted combination boiler and central heating radiator.
With uPVC double glazed window to front elevation, low level wc, shower cubicle, pedestal wash hand basin with complementary tiling to the walls and central heating radiator..
Comprising -
With uPVC double glazed window to the rear elevation, central heating radiator and wall mounted boiler.
With uPVC double glazed window to rear elevation. Fitted with a modern suite in white comprising panelled bath with shower over, pedestal wash hand basin, central heating radiator, dividing wall with separate wc.
With uPVC double glazed window to front elevation. The fitted kitchen comprises a range of wall mounted cupboards with matching base units, drawers, preparation surface, stainless steel sink and drainer and central heating radiator.
To the side of the property there are decorative wrought iron gates with a gravelled driveway which wraps round to the rear of the property and provides ample car standing space. In our opinion there is potential to extend subject to usual planning consents.
Freehold.
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.
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