Other
An infrequent and excellent investment opportunity to acquire three, two bedroomed terraced properties for sale as one combined lot, produces an annual income of £12,780 with scope for rental increase. Interestingly the terraces are on one title and could easily be split onto separate titles subject to the usual legalities. Constructed of traditional brick beneath a pitched tiled roof, the properties all have the benefit of sealed unit uPVC double glazing and gas central heating and comprise identical layouts of lounge, kitchen/diner, staircase to first floor, two bedrooms and shower room. To the rear there is an open garden.
The properties occupy an established and convenient location situated within easy reach of Ilkeston town centre which includes an excellent range of shops and is also strategically placed for the cities of Derby and Nottingham.
In more detail the accommodations comprise -
88 Cotmanhay Road
Lounge 12' into chimney recess x 10'11"
Entered by PVC door to front, sealed unit double glazed window in uPVC frame to the front elevation, central heating radiator. Inner lobby with useful under stairs storage.
Kitchen Diner 13'4" x 11'6"
(Please note this is an irregular shaped room)
With sealed unit double glazed window in uPVC frame to the rear elevation and PVC door to the rear. The fitted kitchen comprise a range of wall mounted cupboards with base units, drawers, preparation surface, and sink with splashback tiling. Integrated appliances comprise an electric oven with a gas hob, plumbing for washing machine, wall mounted gas fire, wall mounted boiler and staircase to first floor.
First Floor Landing
With loft access
Bedroom One 12' into chimney recess x 10'11"
With sealed unit double glazed window in uPVC frame to the front elevation and central heating radiator.
Bedroom Two 11'1" maximum x 7'7"
(Please note this is an irregular shaped room)
With sealed unit double glazed window in uPVC frame to the rear elevation and central heating radiator.
Shower Room
Comprising a shower cubicle, low level wc, pedestal wash hand basin, complementary tiling to the walls, extractor fan, built in cupboard and central heating radiator.
89 Cotmanhay Road
Lounge 12' x 12' into chimney recess
Entered by PVC door to front, sealed unit double glazed window in uPVC frame to the front elevation, wall mounted gas fire, central heating radiator. Inner lobby with useful under stairs storage.
Kitchen 12'1" x 11'7" into chimney recess
With sealed unit double glazed window in uPVC frame to the rear elevation and PVC door to the rear. The fitted kitchen comprise a range of wall mounted cupboards with base units, drawers, preparation surface, and sink with splashback tiling. Cooker point, plumbing for washing machine, wall mounted combination boiler, central heating radiator and staircase to first floor.
First Floor Landing
With loft access
Bedroom One 12'1 x 12" into chimney recess
With sealed unit double glazed window in uPVC frame to the front elevation and central heating radiator.
Bedroom Two 10'4" maximum x 6'4"
(Please note this is an irregular shaped room)
With sealed unit double glazed window in uPVC frame to the rear elevation and central heating radiator.
Shower Room
Comprising a shower cubicle, low level wc, pedestal wash hand basin, complementary tiling to the walls and central heating radiator.
90A Cotmanhay Road
Lounge 11'11" into chimney recess x 11'11"
Entered by PVC door to front, sealed unit double glazed window in uPVC frame to the front elevation, wall mounted gas fire, central heating radiator. Inner lobby with useful under stairs storage.
Kitchen Diner 11'11" x 11'9" into chimney recess
(Please note this is an irregular shaped room)
With sealed unit double glazed window in uPVC frame to the rear elevation and PVC door to the rear. The fitted kitchen comprise a range of wall mounted cupboards with base units, drawers, preparation surface, and sink with splashback tiling. Cooker point, plumbing for washing machine, wall mounted gas fire, wall mounted combination boiler and staircase to first floor.
First Floor Landing
With loft access
Bedroom One 11'10" x 10'10" into chimney recess
With sealed unit double glazed window in uPVC frame to the front elevation and central heating radiator.
Bedroom Two 11'2" x 6'8"
(Please note this is an irregular shaped room)
With sealed unit double glazed window in uPVC frame to the rear elevation and central heating radiator.
Shower Room
Comprising a shower cubicle, low level wc, pedestal wash hand basin, complementary tiling to the walls, extractor fan, built in cupboard and central heating radiator.
We are advised by the seller the rental income is as follows:-
88 Cotmanhay Road - £350 per calendar month
89 Cotmanhay Road - £85 per week
90A Cotmanhay Road - £80 per week
Outside
To the rear of all of the properties there is an enclosed garden enjoying a westerly aspect.
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.sdlgrahampenny.co.uk/glossary
FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE
Three, two bedroomed terraced properties for sale as one lot
An infrequent and excellent investment opportunity
Producing an income of £12,780 combined rent per annum
Clearly scope for rental increase
Established and convenient location
EPC Ratings: 88 - D; 89 - D; 90a - D
