Terraced House
Situated within easy reach of the city centre and Derby University Campus, is a well equipped, extended two bedroom mid terrace property, currently let on an assured shorthold tenancy agreement (on a rolling agreement) producing £600 per calendar per month (£7,200 per annum) with scope for rental increase.
The uPVC double glazed and gas centrally heated living accommodation consist of; front sitting room, inner lobby with under stairs storage cupboard, separate dining room and fitted kitchen and opening through to utility room. To the first floor passaged landing there are two well proportioned bedrooms bedrooms and bathroom with piece suite in white with shower. To the rear there is a yard with shared pedestrian access leading onto May St.
The property enjoys a strong letting location and is firmly a popular choice with first time buyers, investors and landlords.
Excellent residential freehold BTL investment opportunity.
11ft 3 into chimney recess x 11ft 4
11ft into chimney recess x 11ft 9
8ft 9 x 6ft with opening through..
6ft 7 x 5ft 5
15ft 1 x 2ft 5
11ft 3 into chimney recess
11ft 8 x 8ft 6 into chimney recess
9ft 4 x 6ft 9
To the rear there is a yard with shared pedestrian access leading onto May St.
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.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers 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 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.
