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16 Mandarin Way, Alvaston, Derby, DE24 8YE

Lot no: 14.0 Sold at Auction for £135,000
 

Guide Price £120,000 plus fees


Thursday 10th April 2014

12.00am
Key Features
Excellent three storied end mews house
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Sold at Auction for £135,000

Town House

Property Description

FOR SALE BY AUCTION: THURSDAY 10TH APRIL
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM

 A substantial, spacious three/four bedroomed end mews house having particularly well appointed, gas centrally heated and double glazed living accommodation.  Ideal for Rolls-Royce and Pride Park employees.

Originally constructed with an integral garage, the room has been changed to offer a further reception room or a fourth bedroom, and there are possibilities to include an en-suite.  The master bedroom on the first floor has an en-suite shower room, and two further bedrooms at second floor level have their own bathroom.  Externally there is two car parking and very manageable gardens which are essentially private and not overlooked.

The property is sold either subject to an assured shorthold tenancy at a reserved rent of £695 per calendar month, or can be offered with vacant possession but the purchaser would need to exercise the preferred option on the date of the auction.

Potential exists to create three separate living units with minimal costs required, subject to the necessary planning permission, and the property is therefore capable of a much higher yield.  COMPLETION WILL BE FIVE WEEKS FROM THE DATE OF THE AUCTION.

The accommodation is as follows –

Entrance Hall
With store cupboard off under stairs, tiled floor and Alarm

Cloaks/wc
With wash hand basin and tiled floor.

Family Room or Fourth Bedroom (originally garage) 15'11" x 8'8" Tiled floor

Dining Kitchen 16'1" x 10'11"
Well equipped with a range of base cupboard and wall units, work surfaces, stainless steel sink and integrated appliances, tiled floor and intercom.

First Floor Landing with laminate flooring and intercom

Bedroom One 10'11" x 9'9"
With built in double wardrobe and En-Suite Shower/wc with wash hand basin.  Laminate flooring.

Sitting Room 16'1" x 11'
With double French doors and Juliette balcony.  (Could be converted to a bedroom)

Stairs to Second Floor Landing

Bathroom
With usual suite of fittings, tiled floor.

Bedroom Two 12'9" x 10'5"
With fitted double wardrobes and two walk-in dormer windows, laminate flooring.

Bedroom Three 9'5" x 8'10"
With built in wardrobe cupboard, laminate flooring.

Outside
Front and rear gardens with two car off road parking at front.

Vendors Solicitors/Licensed Conveyancers
John M. Lewis & Co, 92 St. Peter’s Street, Derby  DE1 1SR – telephone 01332-292204

Tenure
Freehold. Vacant possession on completion.

Tenancy Details

The property can be offered either with vacant possession, or subject to an assured shorthold agreement at a reserved rent of £695 per calendar month.  The property has been let out previously on a room basis earning £325 pcm approx. per room.

Completion Period

Up to six weeks from Auction date.

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 deposits.

The sale of each lot is subject to a buyers contract handling fee of £750 (inc VAT) payable on the fall of the hammer.

FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE

WWW.GRAHAMPENNY.COM

 

Feature 1

Excellent three storied end mews house

Feature 2

High quality three/four bedroomed accommodation with en-suite

Feature 3

Possibilities to convert into three flats (subject to pp)

Feature 4

Option to have tenanted (£695 pcm) or vacant

Feature 5

EPC Rating : C

Feature 6

NHBC warranty still valid

Feature 7

Security alarm and intercom

Tenure: