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1 & 1a Wildsmith Street, Alvaston , DE24 8RX

Lot no: 18.0 Sold at Auction for £81,000
 

Guide Price £64,000 plus fees


Thursday 11th July 2013

12.00am
Key Features
Wildsmith Street is located off London Road, a few yards from Alvaston neighbourhood centre with an ample range of amenities, and handy for the City centre.
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Sold at Auction for £81,000

Flat / Apartment

Property Description

DRAFT DETAILS ONLY.

Wildsmith Street is located off London Road, a few yards from
Alvaston neighbourhood centre with an ample range of amenities, and handy for
the City centre.  The subject property
has been in use for investment purposes for many years, and comprises a
self-contained ground floor flat, and separate first and second floor
accommodation which is let on a shared house basis.

The property has the benefit of uPVC double glazing and gas
central heating to first and second floors.
It also has the benefit of a mains fire alarm system and emergency
lighting.

In addition to the rents passing between the parties, each of the
four occupants pays an additional £20 per week for utilities and tv licence.

In more detail the accommodation comprises

1A WILDSMITH STREET

A self-contained ground floor flat comprising

Entrance Hall

Bathroom

With white four piece suite of fittings.

Kitchen

With range of modern fittings, inset stainless steel sink, built
in oven and hob.

Bed-Sitting Room

With laminate floor, access off to Cellar.

Rear Door

Accessing an enclosed yard with parking for one vehicle.

1 WILDSMITH STREET

Two floor accommodation having gas central heating, let to three
occupants on a shared house basis.

Entrance Lobby

With uPVC entrance door to street.

Stairs to First Floor

Dining Kitchen

Extensively fitted and with appliances.

Bedroom

With En-suite wc/wash basin.

Further Bedroom

Half Tiled wc

With wash basin.

Separate
Bathroom

With shower over bath.

Stairs to second floor

Landing

With fitted wardrobes.

Separate Living Room

Bedroom.

Tenancy Details

The ground floor flat is let on an assured shorthold agreement at
£89 per week.  There are three occupants
within the upper floor accommodation each paying £65 per week (total £284 per
week - £14,768 p.a.), and in addition each occupant pays £20 for the provision
of utilities – gas, water, electricity and tv licence – paid by the landlord.

Vendors Solicitors/Licensed Conveyancers

Tenure

Freehold. Vacant possession on
completion.

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 nor
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 £500 (plus VAT) payable on the
fall of the hammer.

FOR SALE BY AUCTION: THURSDAY 11TH JULY 2013

AT PRIDE PARK STADIUM, DERBY

COMMENCING AT 11.30 AM

FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE

WWW.GRAHAMPENNY.COM

Feature 1

HIGH YIELD RESIDNETIAL INVESTMENT PROPERTY

Feature 2

Self-contained ground floor flat; remainder shared house

Feature 3

Four occupants in total - £14,768 p.a. net rent

Feature 4

Mains fire alarm and emergency lighting

Feature 5

Energy Efficiency Rating – Ground Floor F & Top Floor D

Tenure: