Detached House
DRAFT DETAILS ONLY.
Attractive period former rectory situated on a large plot which has been extended and converted to form 11 self contained one and two bedroomed apartments. In total there are 6 x 1 bedroom apartments and 5 x 2 bedroom apartments. 4 of the apartments are currently let and the tenants are holding over on assured shorthold tenancies and are currently producing £22,560 per annum. The remaining 7 are vacant. It is considered that the property could yield up to £60,000 when fully let. The property benefits from a substantial plot with gardens and ample car parking... Excellent opportunity for either investment, owner occupier (subject to planning) but also considered to be an excellent break up opportunity.
In more detail the accommodation comprises
GROUND FLOOR
Communal Hallway
Flat One: One bedroom Apartment: VACANT
Flat Two: Two Bedroom Apartment: let at £465 pcm
Flat Three: Two Bedroom Apartment: VACANT
Flat Four: One Bedroom Apartment: VACANT
Flat Five: One Bedroom Apartment: let at £415 pcm
FIRST FLOOR
Communal Landing
Flat Six: One Bedroom Apartment: let at £450 pcm
Flat Seven: Two Bedroom Apartment: let at £550 pcm
Flat Eight: Two Bedroom Apartment: VACANT
Flat Nine: One Bedroom Apartment: VACANT
Flat Ten: One Bedroom Apartment: VACANT
SECOND FLOOR
Flat Eleven: Two Bedroom Duplex Apartment: VACANT
Outside
Substantial parking area and grounds
Directions
The approach from Derby is via the A38 dual carriageway heading south out of the City centre, continue until joining the A50 dual carriage and head west towards Stoke on Trent. Eventually leave the A50 shortly after the turning to Uttoxeter onto the A522 as signposted for Tean and Cheadle. Continue for approximately 4 miles until entering the village of Checkley. Church Lane is a turning on the left hand side and the property will be found on the left hand side adjacent to the Church.
Tenure
Freehold. Part let; part vacant.
Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.
The sale of each lot is subject to a buyers contract handling fee of £395 (inc VAT) payable on the fall of the hammer.
For Sale by Auction: Thursday 2nd December 2010
At Pride Park Stadium, Derby
Commencing at 11.30 am
‘On instructions of LPA Receivers’
Attractive period former rectory on large plot
Extended and converted into 11 self contained 1 and 2 bed apartments
Currently producing £22,560 p.a
