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58 Gerard Street North, Derby, DE1 1PA

Lot no: 15.0 Sold Prior to Auction
 

Guide Price £200,000 plus fees


Wednesday 9th December 2015

12.00am
Key Features
A substantial detached property close to Derby City centre which has been converted to eight self-contained studio flats.
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Sold Prior to Auction

Detached House

Property Description

FOR SALE BY AUCTION: WEDNESDAY 9TH DECEMBER.

AT IPRO STADIUM, DERBY.

COMMENCING AT 11.30 AM.

DRAFT DETAILS ONLY.

A substantial detached property situated within easy reach of Derby City centre.  Work has commenced to convert the property into eight self-contained studio flats however it does require completion and offers excellent investment potential.

Included in the sale of the property are the kitchens and bathrooms which require fitting for each of the individual apartments.

The accommodation is arranged over two floors with a communal entrance to the property.  Each studio flat has a kitchen, lounge/bedroom and en-suite shower room.  To the rear of the property there is parking for several vehicles.

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.

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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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

WWW.GRAHAMPENNY.COM

Feature 1

EXCELLENT INVESTMENT OPPORTUNITY

Feature 2

Close to Derby City centre

Feature 3

Eight self-contained studio flats requiring completion

Feature 4

EPC Rating : E

Tenure: