Duplex
Potential buy to let investment opportunity to acquire a two bedroomed top floor duplex apartment currently let on an Assured Shorthold Tenancy agreement producing £695 pcm (£8,340 per annum). This represents a 10.69% return based on the guide price.
The ground floor has a communal entrance benefiting from lift access. The apartment in brief comprises: Entrance hall, bathroom, master bedroom with en-suite shower room, further guest bedroom. To the first floor there is a large open plan living and kitchen with built in appliances and a balcony enjoying rooftop views of Derby and beyond.
The property is located in the heart of Derby just off St Peters Street, the main pedestrianised road in the City centre.
With lift and staircase.
6ft 2 x 5ft 5
6ft 2 x 5ft 6
13ft 0 x 8ft 3
5ft 8 x 5ft 1. Please note this is an irregular shaped room.
8ft 6 x 8ft 0
20ft 0 x 14ft 8. External balcony with views.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Leasehold. 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.
