Terraced House
***High yielding freehold residential investment opportunity***
Located close to the popular Darley Park and Derby city centre, is a fine Grade II Listed Georgian Town House arranged over four floors, divided into seven letting units, with a combined gross rental income of £42,240 per annum. This represents an impressive 14.3% return based on the guide price.
Constructed of a dressed stone to the front elevation with brick to the rear set beneath a pitched tiled roof, the mostly gas centrally heated living accommodation in brief comprises:-
Ground Floor: Communal entrance hall with stairs up and down. Flat 4 (front) having entrance lobby, living room/bedroom including kitchen area, and shower room. Flat 3 (rear) - The auctioneers have not inspected this flat but we believe it to comprise an entrance lobby, living room/bedroom with kitchen area and shower room.
Lower Ground Floor: Rear entrance hall; Flat 6 (front) having large living room/bedroom, inner lobby, separate kitchen and shower room. Flat 5 (rear) having living room /bedroom with kitchen area and shower room.
First Floor: With landing area. Flat 7 (front) having entrance lobby, kitchen with separate living room/bedroom and shower room. Flat 2 (rear) having living room/bedroom with separate kitchen and shower room. Flat 1 (split level) having bathroom and separate toilet located off from the first floor landing and stairs to the attic floor flat. With landing, large living room with kitchen area and a spacious separate bedroom.
The property enjoys a highly convenient location, positioned along this charming parade of character town houses, being well known locally. Also in close proximity to Pride Park and the A52 which provides swift access onto the M1 Motorway, Nottingham and further regional business centres.
L-shaped 22ft x 16ft 6
Let on an Assured Shorthold Tenancy at £485 per calendar month (£5,820 per annum).
4ft x 5ft 3
14ft 2 x 11ft 2 into chimney recess
8ft 6 x 4ft
Let on an Assured Shorthold Tenancy at £485 per calendar month (£5,820 per annum). The auctioneers have not inspected the flat but believe it to comprise -
5ft 11 x 5ft 3
15ft 5 into recess (chimney breast) x 13ft 11
7ft 5 xx 5ft 4
L-shaped 11ft 8 x 11ft 2
Let on an Assured Shorthold Tenancy at £485 per calendar month (£5,820 per annum).
13ft 8 x 11ft 4 max
3ft 8 x 4ft 6
6ft 5 x 4ft 5
Let on an Assured Shorthold Tenancy at £425 per calendar month (£5,100 per annum).
13ft 8 x 11ft 4 max
4ft 7 x 3ft 7
5ft 1 x 6ft 1
15ft 3 x 6ft 9
Let on an Assured Shorthold Tenancy at £605 per calendar month (£7,260 per annum).
5ft 5 x 3ft 2
8ft x 8ft 9
14ft 6 x 10ft 6
5ft 5 x 5ft 6
Let on an Assured Shorthold Tenancy at £550 per calendar month (£6,600 per annum).
14ft x 10ft 6
7ft 7 x 4ft 8
4ft 8 x 4ft
3ft 8 x 2ft 6
Let on an Assured Shorthold Tenancy at £485 per calendar month (£5,820 per annum).
9ft 10 x 5ft
15ft 8 x 9ft 8 restricted height
17ft 9 x 9ft 9 restricted height
3ft 8 x 2ft 6
4ft 8 x 4ft
Garden to the rear.
We have been made aware this property is in the Strutts Park conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.
Rivers and Seas - Medium Risk
Surface Water - Negligible
Past Flooding - Identified
Sandstone or limestone, as built, no insulation (assumed) - Information taken from EPC.
Standard 15 mbps, Superfast 287 mbps and Ultrafast 1000 mbps show as available in this location
EE, O2, Vodaphone and Three show as available in this location.
Sky and BT show as available in this location.
Freehold. Subject to tenancy.
- Heating Supply: Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street, Permit
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.
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