Town House
FOR SALE BY AUCTION: THURSDAY 11TH DECEMBER
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
Located in a consistently popular area, very handy for the City centre, and with good rental demand, an opportunity to acquire a very spacious three storied former town residence with a mixture of one bedroomed self-contained studio flats, and bed-sitting rooms with shared facilities.
Having the benefit of electric heating and double glazing, the accommodation is as follows –
Communal Entrance Hall
With stairs to first and second floors.
Studio Flat One
Having bedroom, living room with kitchen area, shower room/wc.
Studio Flat Two
Having bedroom, living room with kitchen area, shower room/wc.
Studio Flat Three
Having bedroom, living room with kitchen area, shower room/wc.
First Floor Landing
And –
Unit Four
Having bed-sitting room with kitchen area.
Unit Five
Having bed-sitting room with kitchen area.
Unit Six
Having sitting room with kitchen area and separate bedroom.
Shower Room
With wc – shared by units four, five and six.
Second Floor Landing
And
Flat Seven
Having living room with kitchen area, bedroom, shower room/wc.
Outside
Walled forecourt; small rear garden.
Tenancy Details
The seven letting units are occupied on assured shorthold agreements at varying rents but producing a combined annual rent of £30,623.32.
Directions
Leave the City inner ringroad via Normanton Road and take the second turning on the left into Leopold Street. Take the first turning on the right into The Avenue and at the junction with Charnwood Street turn right where the property will be found on the right hand side.
Vendors Solicitors/Licensed Conveyancers
Potter & Co, 23 Dale Road, Matlock, Derbys DE4 3LT – telephone 01629-582308
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 all property is subject to a buyers fee of £750 (inc VAT).
*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 HIGH YIELD INVESTMENT PROPERTY
Large bay windowed three storied house divided into seven letting units
Double glazed accommodation with electric heating
Gross reserved rent - £30,623 p.a.
EPC Rating: G
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