Town House
A substantial four storied end town house, under HIMO registration, having four self-contained one bedroomed flats.
The property is located on the corner of Boyer Street, in close proximity to Burton Road and within a mile of the City centre.
At the time of preparation of these particulars, three of the four flats were let on assured shorthold agreements at £275 pcm - £9,900 p.a. equivalent. Last full occupancy yielded £13,200 p.a. (4 x £275 pcm).
The property provides the following accommodation -
FLAT ONE
A self-contained basement flat accessed from the rear of the building having sitting room, kitchen, bathroom/wc and bedroom.
Front Entrance Door to hall, stairways and landings.
FLAT TWO
A self-contained ground floor flat having sitting room, kitchen, shower room/wc and bedroom.
FLAT THREE
A self-contained first floor flat comprising sitting room, kitchen, bathroom/wc and bedroom.
FLAT FOUR
A self-contained second floor flat having sitting room, kitchen, shower room/wc and bedroom.
Services
All flats have separate gas and electricity supplied. Integrated fire alarm.
City Council HIMO registration certificate number 252 dated 4th March 2005.
Rent Schedule
At the time of preparation of these particulars flats one, two and three are occupied at a reserved rent of £275 per calendar month each. Flat four is vacant but was last let at an identical rent.
Note
The occupant of flat three claims housing benefit. There is a shortfall of £44.64 per calendar month out of the £275 reserved rent.
Vendors Solicitors/Licensed Conveyancers
H. Pipes & Co, 34 Market Place, Melbourne, Derbys - telephone 01332-862113
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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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 or credit card deposits.
The sale of each lot is subject to a contract documentation charge of £350 (inc VAT) payable on the fall of the hammer.
For Sale by Auction: Thursday 9th July 2009
At Pride Park Stadium, Derby
Commencing at 11.30 am
RESIDENTIAL INVESTMENT PROPERTY
Four self-contained one bedroomed flats with gas central heating
Gross reserved rent £13,200 p.a.
Currently producing £9,900 (3 x £275 pcm)
