Semi-Detached House
DRAFT DETAILS ONLY.
Located in a residential area close to all amenities, an opportunity to acquire a substantial freehold property which is divided into six self-contained studio flats, all electric, double glazed and recently refurbished.
Improvement work in the last few months has included new kitchen to each unit, new showers to five of the units and some other new sanitary fittings. A new mains fire alarm has been installed. Subject to planning, it is considered that there is opportunity to construct a further flat at the rear corner of the site but the present six lets yield £30,589 per annum.
Each unit has a living room, kitchen, bedroom and bathroom and are arranged over three floors.
Rent Schedule
Flat A: let at £100 per week.
Flat B: let at £138 per week.
Flat C: let at £87.50 per week.
Flat D: let at £100.38 per week.
Flat E: let at £100 per week.
Flat F: let at £100 per week.
Management and service charges are levied in addition.
Directions
Leave the City centre from the Normanton Road end up Mill Hill Lane, continuing onto St. Chads Road and the turning left onto Empress Road. At the T-junction with Howard Street turning right and Northumberland Street is the first turning on the left.
Vendors Solicitors/Licensed Conveyancers
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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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
SUPERB HIGH YIELD RESIDENTIAL INVESTMENT
Six refurbished letting units
Full occupancy producing £30,589 per annum
Double glazed accommodation with new mains fire alarm fitted
