Terraced House
High yield residential investment opportunity
Occupying a highly convenient location is an extremely well equipped terraced property currently producing a combined gross rental income of £20,580 per annum. This represents an impressive 13.0% return based on the guide price (currently let on 4 x Assured Shorthold Tenancy Agreements).
The uPVC double glazed and gas centrally heated living accommodation in brief comprises front bedroom, fitted kitchen with built-in-appliances and bathroom. To the first floor the landing leads to three double bedrooms all with en-suite shower rooms. Outside to the front there is small fore court and to rear there is an enclosed garden.
The property enjoys a popular mixed commercial/residential location being well positioned for the city centre, Darley Park and the A38 that provides swift access onto the M1 Motorway.
Let on an Assured Shorthold Tenancy agreement at £5,100 per annum.
Let on an Assured Shorthold Tenancy agreement at £5,400 per annum.
Let on an Assured Shorthold Tenancy agreement at £5,580 per annum.
Let on an Assured Shorthold Tenancy agreement at £4,500 per annum.
These sales details are awaiting vendor approval.
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 (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
Guide Price & Reserve Price
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.
