Flat / Apartment
FOR SALE BY AUCTION: THURSDAY 23RD OCTOBER
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
DRAFT DETAILS ONLY.
The property is situated on the corner of Bakewell Street and Wolfa Street in a popular and established residential location within a convenient distance of the City centre.
The property has been the subject of continuous maintenance and improvement and provides two well appointed, spacious one bedroomed flats, both with their own separate entrances.
In more detail, the accommodation is as follows
21a (Ground Floor)
Sitting Room
Modern Fitted Kitchen
Double Bedroom
Modern Bathroom
With shower over bath.
21b (First Floor)
Entrance Lobby
With stairs to first floor.
Sitting Room
Double Bedroom
Modern fitted Kitchen
Shower Room/wc
Outside
Small yard/garden (passes with 21a)
Tenancy Details
Both flats are let on assured shorthold agreements. The reserved rent of 21a is £390 pcm and for 21b £350 per four weeks, although we are advised that the tenant is currently paying £330. Total reserved rent £9,230 per annum.
Directions
From Derby City centre leave along Abbey Street crossing the City inner ringroad (Mercian Way) and taking the first turning on the right into Alma Street. At the crossroads turn right onto Woods Lane and first left into Werburgh Street. At the T-junction turn right into Bakewell Street and the property will be found on the right hand side on the corner of Wolfa Street.
Vendors Solicitors/Licensed Conveyancers
John M. Lewis & Co, 92 St. Peter’s Street, Derby DE1 1SR telephone 01332 292204
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary
FOR EPC’S AND LEGALS PLEASE SEE THE WEBSITE
SUPERB RESIDENTIAL INVESTMENT PROPERTY
Two entirely separate one bedroomed flats
Double glazed, re-roofed accommodation with electric heating
Both let on assured shorthold agreements and producing £9,230 p.a.
EPC Rating : 21A – E; 21B - E
