Ground floor flat
***High yielding BTL residential investment opportunity***
Situated within easy reach of the Royal Derby Hospital and the city centre, is a recently refurbished, purpose brick built, two double bedroomed ground floor apartment, offered for sale at very realistic guide price.
The property is currently let on assured shorthold tenancy agreement producing a gross income of £800 per calendar month (£9,600 per annum). This represents an impressive 12.3% return based on the guide price.
Internally the well-equipped living accommodation has the benefit of being uPVC double glazed and gas centrally heated and in brief comprises of entrance hall, rear sitting room, re-fitted kitchen with bult-in-appliances, two genuine double bedrooms and upgraded shower room.
Outside the property enjoys an elevated position set back from the road in this small cul-de-sac location with gardens to the front and rear with brick built outbuilding.
The property is situated within the context of an established and highly sought-after residential location, close to Derbys inner ring road and the A38.
18ft 2 x 4ft
13ft 4 x 11ft 1
10ft 8 x 9ft max
13ft 8 x 9ft 9
12ft 2 x 9ft 1
6ft 3 x 5ft 6
Gardens to the front and rear with brick built outbuilding.
125 years from 20 December 1982. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Rivers and Seas - Very low. Surface Water - Very low
Cavity wall, filled cavity - Information taken from EPC
Standard 6 mbps, Superfast 73 mbps and Ultrafast 1000 mbps show as available in this location
EE, O2, Vodaphone and Three show as available in this location.
Sky, Virgin and BT show as available in this location.
These sales details are awaiting vendor approval.
Leasehold. Subject to tenancy.
82
- Heating Supply: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Permit
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
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 1.2% of the purchase price (subject to a minimum 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.
