Flat
City Centre Investment opportunity with potential to generate a yearly rental income of £18k.
The property which is very centrally located to Derby city centre currently has three 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, three lettable rooms and a shower block having two showers, two toilets and two wash basins.
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.
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.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
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.
These sales details are awaiting vendor approval.
Leasehold. Vacant possession upon completion.
- Heating Supply: Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
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.
