Semi-Detached House
For Sale By Auction - Friday 14th February 2014
At iPro Stadium, Derby
Commencing at 11.30 am
An opportunity to acquire a high yield investment property (over £11,800 per annum) in a popular established residential location.
Number 54 being a three bedroomed house is let on an assured shorthold agreement and has been continuously occupied for over four years. The one bedroomed first floor flat has recently become vacant. Number 54 has the benefit of gas central heating and in more detail the accommodation for both units is as follows
54 GRESLEY WOOD ROAD
Entrance Hall
Lounge
Sitting Room
Living Room
Kitchen
Bathroom/wc
First Floor – Landing
Bathroom/wc
Double Bedroom
Second Floor –
Two Double Bedrooms
Externally
The property has an enclosed yard with parking for two vehicles, and access to a substantial brick built Garage.
54A GRESLEY WOOD ROAD
A self-contained first floor flat, approached by an external staircase and having –
Entrance Lobby
Shower Room/wc
Sitting Room
Bedroom
Kitchen
Tenancy Details
Number 54 is let on a rolling assured shorthold agreement at a rent of £595 pcm (£7,140 per annum). Number 54A is sold with the benefit of vacant possession but until recently was let at £390 per calendar month. Potential gross yield circa £11,800.
Vendors Solicitors/Licensed Conveyancers
Timms, 23 West Street, Swadlincote, Derbys DE11 9DG – telephone 01283-214231
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 fee of £500 (plus VAT) payable on the fall of the hammer.
HIGH YIELD RESIDENTIAL INVESTMENT
Three bedroomed house and one bedroomed flat
Popular residential locality
Enclosed parking and garage
Energy Efficiency Rating : 54 – F; 54A - G
