Terraced House
***POTENTIAL HIGH YIELDING FULLY LICENSED HMO INVESTMENT***
Occupying an established residential location close to the city centre and Derby University campuses is an imposing, double fronted character town house, arranged over three floors with seven lettable rooms and with immediate vacant possession.
In our opinion if the property were to be fully let we would estimate a combined income in the region of £45,000 to £50,000 per annum.
Internally the uPVC double glazed and gas centrally heated character accommodation in brief comprises entrance vestibule, passaged hallway with stairs, lounge/bedroom, double bedroom, inner hall with shower room, separate WC, spacious dining kitchen measuring 24ft 4 in length with built-in-appliances, rear porch and guest cloakroom. To the first floor there is a split level landing, to the lower level there is a WC, shower room, separate bathroom with three piece suite in white, and bedroom. To the higher level landing there are three well proportioned bedrooms. To the second floor landing there is an additional fitted kitchen and two further double bedrooms.
The property is situated towards the end of this cul-de-sac location with a deep low maintenance fore-garden with driveway to the side leading to a rear yard with hard standing space for a couple of vehicles.
These sales details are awaiting vendor approval.
Freehold. Vacant possession upon completion.
- Heating Supply: Gas Central, Double Glazing
Off Street
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.
