Duplex
DRAFT DETAILS
Excellent buy-to-let residential investment opportunity.
Occupying a sought-after location is a stylish and appealing one bedroomed duplex apartment with an allocated parking space. In our opinion we would estimate a rental income of approximately £550 pcm (£6,600 per annum). This represents an 11.5% return based on the very attractive guide price.
Internally the well-equipped living accommodation has the benefit of UPVC double glazing, gas central heating and consists of an entrance hall with staircase to first floor, bedroom, separate shower room with plumbing for washing machine, and to the first-floor landing there is a light and spacious open plan living kitchen room with built in appliances, semi-vaulted ceiling and Juliet balcony. Outside there is an allocated parking space.
The village of Hilton is a sought-after location boasting local primary school, numerous public houses and restaurants, and is conveniently positioned off the A50 near Toyota, A38 and the city of Derby. Excellent buy to let investment opportunity.
The accommodation comprises:
6.9 x 6 ft
Entered by door to front, central heating radiator and stairs to first floor.
10.10 x 8 ft
With two UPVC double glazed windows, useful under stairs storage cupboard, central heating radiator.
7.2 x 6 ft
Shower cubicle, low level WC, pedestal wash hand basin, central heating radiator, built in cupboard, plumbing for washing machine, worktop, surface and shelving.
14.2 x 14.2 reducing to 10.10 ft
With feature Juliet balcony with further double-glazed window, semi vaulted ceiling, feature shelving, recess lights, central heating radiator, television point.
Wall mounted cupboards, L-Shaped preparation surface with stainless steel circular sink with mixer tap and splashback tiling. Integrated appliances comprises an electric oven with a separate hob.
There are low maintenance communal grounds with an allocated parking space (please note this is bay 268).
Vacant.
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.
