House of Multiple Occupation
Looking for a super income from a property then here we have two apartments offering nine lettable rooms generating a rather impressive income. Once fully let this property could generate in the region of £37,000 per annum in rental income which represents close to a 19% yield against the guide price.
The property which is very centrally located to Derby city centre currently has six of the nine rooms rented out and generating an income of £27,168 per annum. A definite to add to your wish list for any serious investor looking for a property offering great income and yield
Room 1 contact till sept 2024 rent £375.00
Room 2 contact till sept 2024 rent £375.00
Room 4 contact till sept 2024 rent £370.00
Room 6 contact till sept 2024 rent £325.00
Room 8 contact till sept 2024 rent £375.00
Room 9 contact till sept 2024 rent £394.00
yearly rent £27,168.00
Consisting of living dining kitchen room, six lettable rooms and a shower block with three shower cubicles, two toilets, two wash basins and plumbing for washing machine.
Consisting of living dining kitchen room, three further lettable rooms and a shower block having two showers, two toilets and two wash basins.
Side entrance
The leasehold property being part of the first floor and the second floor above The Blessington Carriage at 11 – 15 Chapel Street Derby as demised by the Lease.
Description was written in 2021 and may not be accurate to the current state of the property. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
Leasehold. Part let/part vacant.
995
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 Variable Fee (England and Wales).
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 auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyers 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 Price
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.
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