Semi-Detached House
FOR SALE BY AUCTION: THURSDAY 16TH APRIL 2015
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
DRAFT DETAILS ONLY.
An opportunity to acquire a potentially high yield investment property (over £12,000 per annum) situated in a popular and established residential location.
Number 54 is the larger part of the property being a three bedroomed house with gas central heating. The one bedroomed self-contained first floor flat has just been refurbished and is currently owner occupied.
A very recent schedule of improvements to the flat have included insulation and replastering, double glazed windows, refitted shower room and kitchen, rewiring and new carpeting throughout.
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 recently refurbished first floor flat having
Entrance Lobby, Refitted Shower Room/wc, Large Bed-Sitting Room, Refitted Kitchen.
Tenancy Details
Until recently number 54 was let on an assured shorthold agreement at £595 pcm. There may be opportunities to split the house subject to the necessary planning approval. 54A was last let at £390 pcm, prior to a scheme of refurbishment. It is thought that the potential gross income as two existing units would exceed £12,000 per annum.
Vendors Solicitors/Licensed Conveyancers
Timms, 80 Market Street, Ashby de la Zouch, Leics LE65 1AP telephone 01530-564498
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 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
Potential high yield residential investment property
Three bedroomed house and self-contained one bedroomed flat
Enclosed parking and garage
Popular residential locality
EPC Rating : F (54); G (54A)
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