Town House
DRAFT DETAILS ONLY- AWAITING VENDOR APPROVAL
Gerard Street runs off Macklin Street, just off the City centre in an area popular for rented accommodation because of its convenience. The house is a large Victorian bay windowed property which has been used for its present purpose for many years. It is understood that the roof was re-clad in 2001 using reclaimed slates. It complies with regulatory requirements for a HIMO and was licensed in September 2007. The property is currently let until the end of the academic year (June 2010) and a new agreement has been entered into for the following academic year.
The first floor accommodation includes a study or store room, and a large bathroom. By relocating the bathroom to the store room, a sixth letting room could be created.
In more detail the gas centrally heated and furnished accommodation comprises -
Arched Recessed Entrance Porch
Passaged Entrance Hall
Front Bedroom
With bay window.
Rear Bedroom
Communal Sitting Room
Kitchen
With modern fitments and appliances.
At First Floor Level -
Two Further Bedrooms
Shower Room
Separate Large Bathroom
Store Room/Study
At Second Floor Level -
Further Bedroom
Externally
There is a small front garden, and a rear garden.
Tenancy Details
The property is currently let on a single tenancy agreement to five persons for a period expiring 30th June 2010, and the rental passing between the parties is £1,085 pcm. It is understood that a new assured shorthold agreement has been entered into for five occupants for the next academic year to June 2011 on identical terms (11 months at £1,085 per calendar month).
Directions
From Victoria Street/Wardwick Avenue of the City, turn left into Beckett Street and proceed to the T-junction with Macklin Street. Turn right and immediately left into Gerard Street where the property will be found on the left hand side after some 100 yards.
Vendors Solicitors/Licensed Conveyancers
Taylor Simpson & Mosley, 44 Friar Gate, Derby
Tenure
Freehold. Vacant possession on completion.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale 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 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
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 credit card deposits.
The sale of each lot is subject to a contract documentation charge of £395 (inc VAT) payable on the fall of the hammer.
For Sale by Auction: Wednesday 31st March
At Pride Park Stadium, Derby
Commencing at 11.30 am
EXCELLENT INVESTMENT PROPERTY
Five bedroomed student house let until June 2011
Gas centrally heated, furnished and close City centre
HIMO licensed. Possibilities for sixth letting room
