Detached House
Florence House was built in 1793 and was the first residential property on Kedleston Road. It is not listed but is in Strutts Conservation Area and is conveniently located just over half a mile from the City centre and within easy reach of the University of Derby, Markeaton Park, local post office and other shopping facilities and fast road access out of the City.
Located on the corner of Quorn Street, the property has been meticulously maintained to an extremely high standard over many years. It ceased being a care home some years ago and has been adapted to contain eleven letting rooms, eight with en-suite facilities, with a charming communal lounge and conservatory. In addition there are two cottages at the rear of the property known as Florence Mews, both of which have been re-roofed, double glazed, are gas centrally heated and have recently been renovated.
The property is a registered house in multiple occupation and has accreditation plus status with Derby City Council. The accommodation is furnished (with the exception of the cottages) and with one exception all rooms are let to professional working people. The accommodation is certainly impressive and an internal inspection is strongly recommended.
At the time of publication of these details, the gross reserved rent (inclusive of utility bills) is £57,356 per annum.
In more detail the accommodation comprises
Enclosed Entrance Porch
Reception Hall/Lounge
With feature fireplace and corniced ceiling and mouldings, bay window to front and access to side leading into
Large Double Glazed Conservatory
Inner Hall
With stairs to first floor, lift.
Communal Kitchen
With an extensive range of modern fittings.
Three Letting Rooms
Each with an En-Suite Shower Rooms/WC/Wash Basin.
Rear Hall
With external doors.
At First Floor Level
Central Landing
Five Letting Rooms
Each with En-Suite Shower/WC/Hand basin.
Stairs to Second Floor
Landing
Three Letting Rooms
Communal Kitchen
With extensive range of modern fittings including white goods.
Shower Room
Separate WC
Lower Ground Floor, Accessed Externally
Two Store Rooms and Laundry
1 & 2 Florence Mews, a pair of renovated cottages, double glazed, gas centrally heated having sitting room, modern kitchen, two bedrooms, bathroom. One cottage has a spiral staircase and in both instances furniture belongs to the tenant. Current rents are concessionary.
Outside
Easily managed gardens to front, side and rear, with gated access from Quorn Street enclosing parking.
Tenancy Details
The properties are let on assured shorthold agreements at rents varying from £68 - £87 per week (including utility bills). The occupancies of the Mews cottages are concessionary and it is considered that there is scope for significant increase.
Current rent schedule, £57,356 per annum inclusive. With increased rents on the cottages when appropriate the gross yield could be nearer £60,000 per annum.
Vendors Solicitors/Licensed Conveyancers
Moody & Woolley, 40 St. Mary's Gate, Derby DE1 3JZ telephone 01332-344221
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 26th May 2011
At Pride Park Stadium, Derby
Commencing at 11.30 am
OUTSTANDING INVESTMENT PROPERTY
Former care home, high quality and meticulously maintained
Two let cottages at rear
Superb character property in favoured residential area
