Flat / Apartment
FOR SALE BY AUCTION: THURSDAY 10TH SEPTEMBER
AT IPRO STADIUM, DERBY.
COMMENCING AT 11.30 AM.
DRAFT DETAILS ONLY.
A SUPERB INVESTMENT PROPERTY comprising of the freehold interest of Meadow Bank which is divided into four self-contained one bedroomed flats. The two ground floor flats have been sold on very long leases and the two first floor flats are currently let on assured shorthold tenancies generating an income of £655 per calendar month. A ground rent is also received from the further two flats of £10 per annum per flat.
The sale includes the freehold of the carpark to the rear of the property along with the attached workshop/store.
The accommodation comprises a detached double fronted property situated within easy walking distance of Belper town centre, divided into four flats each flat comprising a lounge, bedroom, kitchen and bathroom.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
Tenure
Freehold. Subject to tenancy.
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
A superb investment property
Two self-contained one bedroomed flats
Currently let at £655 pcm
EPC Ratings : G & G
