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Apartment
This stylish and appealing purpose built, top floor flat is to be sold with vacant possession with an estimated rental income of £650.00 per calendar month (£7,800 per annum), providing a fantastic gross return of 14.1% based on the guide price.
The well equipped flat consist of a kitchen, lounge/diner, bedroom and a bathroom. The lounge/diner is to the right of the hallway and provides access to the kitchen overlooking the street. It spans the length of the flat providing a great space for relaxing or home working. The kitchen is equipped with a fitted oven and hob, along with a freestanding washing machine. There is plenty of room for storage and great preparation space. The sole bedroom covers the left hand side of the apartment with great space for a double bed and further furniture. The bathroom sits in the centre of the property and has a three piece suite comprising of a toilet, wash basin and a bath with shower over.
The property is located on delightful tree lined avenue, conveniently positioned for Derby City Centre and the Derbion.
Additional Information
Parking Arrangements: Secure gated parking
Water: Mains
Electric: Mains
Sewerage: Mains
Heating: Mains Gas
Building construction: Brick
Flood Risk: Very Low
Broadband: Standard, Superfast and Ultrafast available
Mobile Signal: o2, EE, Three and Vodafone available
Satellite and Cable TV Availability: BT, Sky and Virgin available
Term of lease is 125 years from 1 June 2008. Ground Rent is reviewed on each 15th anniversary of the lease term and is currently £500 per year. The next review is June 2038. The service charge is £406.48 per quarter, the next annual cost review is due January 2025.
Leasehold. Vacant possession upon completion.
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.
