Terraced House
***High yielding freehold residential investment***
Occupying a tree-lined avenue close to the city centre part of Hartington Street Conservation Area, is an imposing, double fronted character town house, divided into eight well-equipped self contained flats, fully let producing a combined gross income of £41,880 per annum, this represents an impressive 13.9% return based on the guide price.
The uPVC double glazed living and gas centrally heated living accommodation in brief comprises; entrance hallway with minton tiled floor covering and original stair case, three self contained studio flats. To the first and second floors, there are two one bedroomed self contained flats located to the front and rear elevations. To the loft there is a large two bedroomed penthouse apartment with far reaching views across Derby and beyond.
Outside to the front there is forecourt with railing to street, enclosed rear yard and some parking with vehicular access from Hartington Mews.
The property is situated in the context of an established and strong letting location, just off Osmaston Road and within close proximity to the new Nightingale Development located on the grounds of the old Derby Hospital. Derbion Shopping Centre is also a short walk from the property.
Let on an AST at £370 per calendar month (£4,440 per annum)
Let on an AST at £370 per calendar month (£4,440 per annum)
Let on an AST at £370 per calendar month (£4,440 per annum)
Let on an AST at £450 per calendar month (£5,400 per annum)
Let on an AST at £480 per calendar month (£5,760 per annum)
Let on an AST at £450 per calendar month (£5,400 per annum)
Let on an AST at £450 per calendar month (£5,400 per annum)
Let on an AST at £550 per calendar month (£6,600 per annum)
Freehold. Subject to tenancy.
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.
