Flat
A high yielding residential investment opportunity, to acquire two well appointed one bedroomed self contained flats, currently let on assured shorthold tenancy agreements producing a combined rental income of £12,000 per annum. This represents an impressive 13.6% return based on the guide price. In our opinion there is scope for significant rental increase.
Both flats are accessed from the rear with a staircase leading to a communal front entrance door located on the first floor.
Flat 130a - Is arranged over the first floor and the uPVC double glazed living accommodation in brief comprises of lounge, fitted kitchen with built-in-appliances, bedroom and bathroom fitted with a three piece suite in white.
Flat 130b - Is arranged over the first and second floors (attic) and the uPVC double glazed living accommodation in brief comprises of generous sized lounge, fitted kitchen with built-in-appliances, bathroom fitted with a three piece suite in white and to the second floor a large attic/bedroom.
The property is situated within in literally yards of Derby train station, city centre, Pride Park and the Derbion Shopping Centre.
A and A
Solid brick, with internal insulation - Information taken from EPC.
Standard 6 mbps, Superfast 32 mbps and Ultrafast 1000 mbps show as available in this location
Surface Water - Low Risk.
EE, O2, Vodaphone and Three show as available in this location.
Sky, Virgin and BT show as available in this location.
We have been made aware this property is in the Railway conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.
The seller has advised that all furnishing contents are included in the sale. Prospective buyers are advised to read the legal documents.
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 under and 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 fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% of the purchase price (subject to a minimum 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.
