Mid-terraced House
Occupying a convenient location with local facilities, an opportunity to acquire a former shop with living accommodation which has long since been divided into three self-contained flats, two of which are currently let, the first floor two bedroomed flat being let up to July 2011 but is subject to a prohibition order.
The current rental income is £9,360 per annum but a full income would yield in excess of £14,500 per annum subject to returning the first floor to a proper and habitable standard. The sale of the property therefore represents an excellent opportunity at a very realistic guide price to acquire premises with potential.
The accommodation is as follows
GROUND FLOOR FLAT
Sitting Room 14'1" x 10'3" minimum
Kitchen 11'11" x 7'1"
Bedroom 14' x 9'9"
With En-Suite Bathroom/wc.
GROUND FLOOR STUDIO FLAT
Bedroom/Living Room 14'7" x 12'9"
Shower Room/wc
Kitchen 8'11" minimum x 7'3"
FIRST FLOOR FLAT
Accessed via an Entrance Hall with stairs to First Floor Landing.
Sitting Room 9'7" x 8'7"
Kitchen 13'4" x 6'10"
Bedroom One 14'2" x 9'1"
With En-Suite Shower/wc
Bedroom Two 10'5" x 6'1"
Outside
Gated access that leads to a shared service passageway serving number 64 and the adjacent property. Courtyard area 21' x 18'2" (6.6m x 5.53m) with two useful storage sheds one of which is 19'11" x 10'2" (6.09m x 3.01m) with water supply, electric light and power. Adjacent side covered storage space and second shed 13'4" x 7'9" (4.06m x 2.36m).
Tenancy Details
The ground floor flat is let at £100 per week. The studio flat is let at £80 per week. It is understood that the first floor flat which is subject to a prohibition order was let up until July 2011 at £100 per week.
Vendors Solicitors/Licensed Conveyancers
Wiseman Lee, 9-13 Cambridge Park, Wanstead, London E11 2TU
Tenure
Freehold. Part let; part vacant.
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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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 9TH FEBRUARY 2012
AT PRIDE PARK STADIUM, DERBY
COMMENCING AT 11.30 AM
Former shop and living accommodation now divided into three self-contained flats
One bedroomed flat and studio flat at ground floor level
Two bedroomed flat at first floor level (subject to prohibition order)
Some repair/improvement work required. Potential full income circa £14,500 p.a.
