Mid-terraced House
DRAFT DETAILS ONLY
Located almost within the City centre, an opportunity to acquire a substantial three storied (plus basement) Victorian terraced house located opposite the old Duckworth Square, and divided into three letting units.
The property has a single gas central heating system, mains alarm and emergency lighting, and is HIMO compliant in terms of regulations.
At the time of publication, two of the three flats were let producing a combined income of £495 per calendar month. Assuming full occupancy the total income would rise to between £800 and £825 per calendar month.
In more detail the accommodation is as follows:
Communal Entrance Hall
with central heating radiator, stairs off to first and second floors, ornamental arch.
Ground Floor Flat One
Having living room with kitchen area, bedroom, bathroom/wc.
At First Floor Level:
Flat Two (currently vacant)
Having a well fitted kitchen, bedroom with access through to sitting room, shower room and wc.
At Second Floor Level:
Studio Flat Three
Having a bed-sitting room with kitchen area, separate bathroom/wc.
Outside
Raised forecourt with access to basement store room. Enclosed rear garden.
Tenancy Details
Flat One is let on an assured shorthold agreement from June 2010 at a reserved rent of £300 per calendar month. Flat Three is let from April 2010 on an assured shorthold agreement at a reserved rent of £195 per calendar month.Tenure
Freehold. Vacant possession on completion.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.
The sale of each lot is subject to a buyers contract handling fee of £395 (inc VAT) payable on the fall of the hammer,
For Sale By Auction: Thursday 2nd September 2010
At Pride Park Stadium, Derby
Commencing at 11.30 am
RESIDENTIAL INVESTMENT PROPERTY – three flats
Victorian terraced house set above the road and close to City centre
Two flats currently let, one vacant• Two flats currently let, one vacant
Total earning potential circa £10,000 p.a.
