Block of Apartments
An excellent opportunity to purchase a large corner plot, within walking distance to the city centre, benefitting from multiple income streams.
40 Leopold Street - A first floor apartment comprising of entrance hallway, kitchen/lounge, two double bedrooms and two shower rooms - £925 per calendar month - £11,100 per annum
1 The Avenue - A ground floor apartment comprising of private entrance, kitchen, large lounge with bay window, double bedroom, utility room and bathroom - £875 per calendar month - £10,740 per annum
9 Car parking spaces - Currently let out to NCP on a rolling lease at - £420 per calendar month - £5,040 per annum
Double garage - vacant but achievable rent of £200 per calendar month - £2,400 per annum.
Total income of £2,420 per calendar month - £29,040 per annum with further scope to increase.
The property is well placed for access to major commuter routes including the A52 leading to the M1, Derby City and the Royal Derby Hospital. Internal viewing advised.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
- Heating Supply: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Garage, Driveway, Off Street, Allocated
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.
