Flat
***High yielding residential investment opportunity***
Offered for sale at a very attractive guide price, is a well-appointed one double bedroomed third floor apartment, currently let on a rolling tenancy agreement producing £600 per calendar month (£7,200 per annum).
Entered via a communal entrance hall with lift and stairs, the apartment itself has the benefit of replacement sealed unit uPVC double glazed windows and in brief comprises of entrance with airing cupboard and separate storage cupboard, lounge with views and balcony, fitted kitchen with plumbing for an automatic washing machine, double bedroom with built-in-wardrobe and fitted shower room. Outside there are well kept grounds with communal parking.
The property is located next to the popular Park Farm Shopping Centre and is also within easy reach of local primary and secondary schools. Derby city centre and the A38 are both within a short commute.
9ft 1 max x 4ft 8
13ft 4 x 10ft 2
9ft 1 max x 6ft 7
11ft 7 x 9ft 5
6ft 4 x 5ft 5
199 years from 29 September 1987. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Residents parking
These sales details are awaiting vendor approval.
Leasehold. Subject to tenancy.
£20
161
£3,859
- Heating Supply: Double Glazing, Electric
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Communal
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.
