Flat
An excellent buy-to-let investment opportunity to acquire an extremely well maintained two bedroomed first floor maisonette flat backing onto an open park. We are informed by the seller the flat was previously let out at £500 per calendar month (£6,000 per annum) with potential for rental increase. The flat is approached via a ground floor entrance hall with tiled flooring and staircase leading to an L-shaped landing. A particular feature is the light and spacious lounge through diner with opening through to a fitted kitchen, two bedrooms both including free-standing wardrobes and a bathroom with three piece suite in white with shower unit over. Outside there is one vehicular parking space. The property is situated in a row of flats directly above an established hair salon located within the popular district of Oakwood. Derby city centre is situated within a short commute.
Entered by double glazed PVC door to front, tiled floor covering, burglar alarm control panel and staircase to first floor.
With loft access.
With sealed unit double glazed window in uPVC frame, wall mounted contemporary style electric fire, built in cupboard, thermostat control, television point, smoke alarm, central heating radiator and opening through to the kitchen.
With sealed unit double glazed window in uPVC frame. The fitted kitchen comprises a range of wall mounted cupboards with matching base units, wood grain effect preparation surface with stainless steel sink and drainer, mixer tap and splashback tiling. There is a cooker point with cooker hood over, wall mounted Baxi condensing boiler. Included within the sale is a Beko automatic washing machine.
With sealed unit double glazed window in uPVC frame, television aerial lead, central heating radiator and included within the sale is a free-standing wardrobe.
With sealed unit double glazed window in uPVC frame, television aerial lead, central heating radiator and included within the sale is a free-standing wardrobe.
Fitted with a three piece suite in white comprising a panelled bath with electric shower unit over with shower rail, low level wc, pedestal wash hand basin, complementary tiling to the walls, extractor fan and laddered heated towel rail.
There is communal parking located to the rear of the property. We are informed by the seller that there is one parking space. Interestingly the car park backs onto open parkland.
Tenure - Leasehold with 997 years remaining. We are informed by the seller that there is no ground rent or service charge and the building insurance is shared with the hair salon below which totals £266 per annum. (Actual figure payable on a 50% share is £133 per annum).
Leasehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.
