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Flat 1 (Rooms 1-6), 11-17 Chapel Street, Derby DE1 3GU

Lot no: 193 Available for £95,000
 

Guide Price £89,000+ plus fees

UnconditionalOn 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 21st November 2024

9.00am
Key Features
  • City Centre Investment opportunity
  • Close to Derby City Centre
  • 6 Lettable rooms available
  • Potential yearly rental income of £36k (£500 pcm per room)
  • Close to a wide range of local amenities, shops, bars and restaurants
  • Good transport links
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Available for £95,000

Flat

Property Description:

City Centre Investment opportunity with potential to generate a yearly rental income of £36k.

The property which is very centrally located to Derby city centre currently has six lettable rooms each with a potential rental income of £500 pcm. Thought suitable for any serious investor looking for a property offering great income and yield.

The apartment briefly consists a 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.

The property is close to a wide range of local amenities, shops, bars, restaurants and offers excellent transport links in and out of the city.

Additional Information:

Construction Material: Standard brick. Heating: Boiler, mains gas. Coverage: Broadband - Standard is available in this location. Mobile signal - O2, Vodafone, EE and Three show as available. Satellite and Cable - BT, Sky and Virgin show as available in this area.

Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

NOTE TO BUYERS:

We have been informed by the sellers solicitor that the sale of this lot will be by the granting of an new underlease from title DY536411 to the successful bidder. Title DY536411 is to remain in our sellers ownership. The new underlease will be provided prior to completion. We have no further information in this respect and are not able to clarify all leasehold terms or covenants. We would however refer buyers to Schedule 4 clause 9 of the registered Lease dated 12th July 2018. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Leasehold. Vacant possession upon completion.


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

No Parking Available



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

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 (subject to a minimum of £6,000 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.