Block of Apartments
The property is in good order and benefits from gas central heating and UPVC double glazing.
The property is situated in a great location close to Derby University Campus and has a long letting history, and is already let for the 2020-2021 academic year. The flats are let to couples attending Derby University.
The rental income amounts to £16,320 per annum inclusive and therefore offering a great return. A great addition to any rental portfolio.
A ready made, low maintenance investment with income from day one.
This student investment property has been fully managed and continually let out to students by Nicholas Humphreys estate and letting agents at Friar Gate, Derby. The agents are more than happy to carry on the management for future landlords.
In more detail-
09/10 £5,775 50 week INC
10/11 - £6,300 52 week INC
11/14 - £6,300 (P/YEAR) 52 week INC
14/15 - £5,980 40 week INC
15/16- £7,176 52 week INC
16/17 --£7,176 52 week INC
17/18 - £8,216 52 week INC
18/19 - £8,528 52 week INC
19/20 refurbished
20/21- £8,160 48 week INC
08/09 - £6,300 52 week INC
09/10 £6,600 52 week INC
10/11 - £6,600 52 week INC
11/12 - £6,600 52 week INC
12/13 - £6,604 52 week INC
13/14- £7,176 52 week INC
14/15- £7,176 52 week INC
15/16- £7,176 52 week INC
16/17- £7,176 52 week INC
17/18 -£7,176 52 week INC
18/19 - £8,670 51 week INC
19/20 - £8,840 52 week INC
20/21- £8,160 48 week INC
Comprising -
Lounge / Diner
Inner Hallway
Kitchen
Bedroom
Shower Room
Comprising -
Hallway
Lounge / Diner
Kitchen
Bedroom
Bathroom
Enclosed rear garden.
20/21 1 Ward £8160 , 1a Ward £8160 Total £16,320
19/20 1 Ward £8840 , 1a Ward £8528 Total £17,368
18/19 1 Ward £8670 , 1a Ward £8528 Total £17,198
17/18 1 Ward £7176 , 1a Ward £8216 Total £15,392
Freehold.
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.
