Apartment
***High yielding BTL residential investment opportunity***
With views of the fashion Friar Gate area of Derby, is an extremely well appointed, one double bedroom first floor apartment, situated in a recently converted apartment block, close to the University of Derby campus and the city centre.
The apartment is offered for sale with immediate vacant possession and we are informed by the seller it was previously let at £750 per calendar month (£9,000 per annum), this would represent an impressive 13.8% return based on the guide price.
To the ground floor there is a communal entrance with staircase and lift. The first floor apartment has the benefit of being uPVC double glazed with electric panel heaters and in brief comprises; entrance hall with useful walk-in-storage cupboard, an open living kitchen lounge with white high gloss fitted units with a comprehensive range of built-in-appliances, one double bedroom and a bathroom fitted in a white three piece suite with shower. Outside there is communal parking along with an allocated parking space.
7ft 6 x 4ft 3
4ft 2 x 3ft 5
19ft 1 x 19ft 2
13ft 6 x 9ft 3
6ft 7 x 5ft 5
There is communal parking along with an allocated parking space.
Term 250 years from 2016 - TBC, Service Charge £412 and £46.25 Ground Rent per 6 months - TBC, See legal pack for verification.
These sales details are awaiting vendor approval.
Leasehold. Vacant possession upon completion.
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 auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
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.
