***SUPERB FREEHOLD RESIDENTIAL INVESTMENT OPPORTUNITY***
A unique and rare opportunity to acquire a residential freehold investment portfolio of 9x eco properties being part let part vacant, situated with walking distance of Derby City Centre and the University Campus.
The properties were built in 2012 and designed by local award winning Simon Foote Architects and notably were in fact a runner up in the National RIBA Awards. We are informed by the seller, at the time of initial construction, the properties were the most air tight dwellings in the UK and boast triple glazing, ISF construction, solar panels and heat recovery ventilation system.
The stunning complex comprises of 6x stylish two storey two bedroom town houses, 2x two bedroom apartments and a one bedroom top floor studio apartment. Outside, there is communal parking space with a well kept formal garden.
We understand the passing combined rent is £49,740.00 per annum. In our professional opinion, there is scope for significant rental increase and income of £70,000.00-£75,000.00 per annum is more a more likely achievable income based on currents for immediate vicinity. This potentially would represent a 7% return based on the guide price.
The properties are situated within the context of an established and strong letting location, close to the city centre and will surely appeal to local and national investors.
Two bedroom townhouse with one bathroom. Currently vacant. Please note: property may be tenanted upon completion. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. Potential rental income of £695 per calendar month(based on comparable evidence).
Two bedroom townhouse with one bathroom. Currently let on AST at £702.50 per calendar month/£8,340 per annum. Potential rental income of £695 per calendar month(based on comparable evidence).
Two bedroom townhouse with one bathroom. Currently let on a rolling tenancy at £525 per calendar month/£6,300 per annum. Potential rental income of £695 per calendar month(based on comparable evidence).
Two bedroom townhouse with one bathroom. Currently let on a rolling tenancy at £525 per calendar month/£6,300 per annum. Potential rental income of £695 per calendar month(based on comparable evidence).
Two bedroom townhouse with one bathroom. Currently let on an AST at £575 per calendar month/£6,900 per annum. Potential rental income of £695 per calendar month(based on comparable evidence).
Two bedroom townhouse with one bathroom. Currently let on a rolling tenancy at £525 per calendar month/£6,300 per annum. Potential rental income of £695 per calendar month(based on comparable evidence).
Two bedroom ground floor apartment with one bathroom. Currently let on a rolling tenancy at £450 per calendar month/£5,400 per annum. Potential rental income of £625-650 per calendar month(based on comparable evidence).
Two bedroom first floor apartment with one bathroom. Currently let on an AST at £450 per calendar month/£5,400 per annum. Potential rental income of £625-650 per calendar month(based on comparable evidence).
Penthouse studio. Currently let on a rolling tenancy at £400 per calendar month/£4,800 per annum. Potential rental income of £550-575 per calendar month(based on comparable evidence).
These sales details are awaiting vendor approval.
Freehold. Part let/part vacant.
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.
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