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8 Cathedral View, Full Street, Derby, Derbyshire DE1 3AF

Lot no: 96 Sold After Auction
 

Guide Price £59,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 25th July 2024

9.00am
Key Features
  • Purpose built, stylish one bedroomed ground floor apartment
  • Immaculately presented throughout
  • Prime city centre location, close to Friar Gate
  • Offered for sale with immediate vacant possession
  • Gated communal parking area with landscaped gardens
  • Excellent BTL residential investment opportunity
  • uPVC double glazed and gas centrally heated
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Sold After Auction

Apartment

Property Description:

Offered for sale with immediate vacant possession, is a stylish and appealing purpose built, one double bedroom ground floor apartment with its own separate outside access (via patio doors), located in the heart of the city centre close to the fashionable Friar Gate area of Derby.

Internally the immaculately presented apartment has the benefit of being uPVC double glazed and gas centrally heated and in brief comprises; communal entrance hall, entrance hallway with built-in-cupboard, lounge through diner with patio doors leading out onto the landscaped communal grounds and a kitchen with a comprehensive range of built-in-appliances. Furthermore there is a good sized double bedroom with built-in-wardrobes, well appointed bathroom with three piece suite in white with shower. Outside there are electric gates with communal parking.

The property is situated adjacent to the former Full St Police station within close proximity to the River Derwent along with nearby walks.

Excellent BTL residential investment opportunity.

Secure communal entrance hall
Apartment
Entrance hallway
Lounge through diner

15ft 5 x 11ft 5

Kitchen

7ft 11 x 6ft

Bedroom

12ft 7 x 9ft 7

Bathroom

5ft 10 x 6ft 7

Outside
Tenure: Leasehold

Term : 150 years from 1 December 2015

Vacant possession upon completion
Flood Risk

Flood Risk Very High

Leasehold Information

We have been informed the charges are the following: Service charge £3368.52 Per annum. Ground rent £250.00 Per annum.

Tenure:

Leasehold. Vacant possession upon completion.

Ground Rent

£250

Unexpired Years

141

Annual Service Charge

£1,684


Utilities Information
  • Heating Supply: Double Glazing, Gas, Central
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

Communal



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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