Semi-Detached House
An extremely spacious and imposing three storied Victorian town house, well set back from the public road, fronting a bus route and with easy access into the city centre as well as Royal Derby Hospital and the Mickleover University campus. The accommodation which has been re-roofed, with three exceptions is entirely double glazed, provides ten roomed accommodation with shared facilities, with grant of HMO status in June 2010 and is approved accommodation by the University of Derby and Derby City Council.
At the time of preparing these particulars, the property was fully occupied and producing a reserved rent of £20,592 per annum. It should be noted however that this income is based on nine month contracts and it is considered that there is scope to increase. The rent income includes water and heating, but it is considered that a full income could be circa £24,000 per annum gross.
In more detail the accommodation comprises
Entrance Lobby
Leading into a Passaged Entrance Hall.
Letting Rooms One and Two
The former with a deep square bay window.
Kitchen
With modern range of fittings.
Shower and a Separate Shower Room
Containing wc and wash basin.
Letting Rooms Three and Four
Communal Conservatory at rear.
Access from entrance hall down to Cellar.
At First Floor Level
Rear Landing
With WC off.
Kitchen
Shower Room
With wash hand basin.
Letting Rooms Five, Six and Seven
Stairs to Second Floor and
Letting Rooms Eight, Nine and Ten
It should be noted that each letting room has a sink and refrigerator. Heating is via storage heaters. Each room is electrically sub-metered.
Outside
Deep tarmac'd forecourt with shared entrance with number 77 and parking for four vehicles. To the rear of the property is an enclosed yard.
Rent Schedule
We are advised that the ten rooms are currently let at varying rents ranging from £217 to £260 per calendar month (£2,288 pcm). They are let on nine month contracts – and it is considered that there is scope for increase in the rental yield.
Vendors Solicitors/Licensed Conveyancers
Frank E.L. Spiers & Co, 245 Waterloo Street, Burton on Trent, Staffs DE14 2NJ telephone 01283-511474.
Tenure
Freehold. Subject to tenancies.
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 £495 (inc VAT) payable on the fall of the hammer.
For Sale by Auction: Thursday 17th February 2011
At Pride Park Stadium, Derby
Commencing at 11.30 am
SUPERB RESIDENTIAL INVESTMENT PROPERTY
HMO compliant 10 roomed student accommodation
Four car parking within frontage
Current high yield, with potential to increase
