Detached House
DRAFT DETAILS ONLY
A rare opportunity to acquire a block of four town houses as a residential investment in a rather unique location. Stoney Cross is a private unmade road situated to the south side of Nottingham Road adjoining Stoney Cross Motors and other commercial frontage properties.
Three of the four properties are let, two on assured shorthold agreements and one on a regulated tenancy. Number 23 is vacant. Some have gas central heating, and some have double glazing.
The accommodation on offer is as follows –
21 STONEY CROSS
An end town house having double glazed accommodation comprising –
Sitting Room
With uPVC entrance door and gas fire.
Inner lobby
With stairs to first floor.
Living Room
With gas fire.
Kitchen
With stainless steel sink unit, base and wall cupboard units.
First Floor Landing
Two Double Bedrooms
Access through one bedroom to –
Bathroom/wc
Externally
The property has gardens to three sides, potential parking space and an attached store shed.
22 STONEY CROSS
An inner of four town houses having gas centrally heated accommodation comprising –
Sitting Room
With uPVC entrance door and window, fitted gas fire.
Lobby
With stairs off.
Living Room
With fitted gas fire.
Kitchen
With stainless steel sink unit, base cupboards and central heating boiler.
First Floor Passaged Landing
Three Bedrooms
Bathroom
With three piece suite.
Externally
The property ahs front and rear gardens.
23 STONEY CROSS (VACANT)
An inner town house in block of four having double glazed accommodation comprising –
Sitting Room
With fitted gas fire.
Inner Lobby
With staircase off.
Living Room
With gas fire.
Kitchen
With stainless steel sink, work surfaces, base and wall cupboard units, double glazed rear entrance door.
First Floor Passaged Landing
Two Double Bedrooms
Bathroom
With three piece suite.
Externally
The property has front and rear gardens with some attached outbuildings.
24 STONEY CROSS
An end town house having gas centrally heated accommodation comprising –
Sitting Room
With uPVC entrance door and gas fire.
Inner Lobby
With stairs off to first floor.
Living Room
With fitted gas fire.
Kitchen
Enclosed Rear Entrance Porch
First Floor Passaged Landing
Two Double Bedrooms
Bathroom/wc
Externally
The property has large gardens to front, side and rear with an attached shed.
Rent Schedule
21 Stoney Cross is let on an assured shorthold agreement at a current reserved rent of £3,380 per annum.
22 Stoney Cross is let on an assured shorthold agreement at a current reserved rent of £3,120 per annum.
23 Stoney Cross is vacant.
24 Stoney Cross is let on a regulated tenancy at a rent of £2,782 per annum, due for re-registration.
NOTE
It is believed that there is scope for some increase in the rental yield and, assuming 23 was let on an assured shorthold agreement, total yield might be in the region of £15,000 per annum.
Directions
Leave Derby along the A52 and take the second exit following the signs for Spondon. At the traffic island take the third exit onto Nottingham Road, pass through the traffic lights at the end of Willowcroft Road and, about 150 yards on the right hand side turn into the forecourt of The Crown Pub/Stoney Cross Garage. Keeping to the right hand side of the forecourt follow the unmade road to its extremity.
Vendors Solicitors/Licensed Conveyancers
Potter & Co, Bridge Chambers, Dale Road, Matlock, Derbys
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
EXCELLENT RESIDENTIAL INVESTMENT OPPORTUNITY
A terrace of four houses which have been re-roofed
Approached by and situated of a private cul-de-sac
Three properties let; one vacant. Scope for rental increase
