Mid-terraced House
Watson Street straddles Cowley Street just off Kedleston Road in a consistently popular residential location. The house has an open aspect to rear over an extensive public park, with consequent leisure facilities.
The property has been tenanted for a great many years and is now occupied by a single gentleman. It is understood that the rent passing between the parties is not subject to registration, although the tenant will have protection under the Rent Acts.
Briefly the accommodation which has the benefit of double glazing to the front elevation and has recently been rewired, comprises
Front Sitting Room
Middle Living Room
Rear kitchen
Two First Floor Bedrooms
Bathroom/wc
Outside
There is a rear yard and garden, and a shared side entry for bin/pedestrian access.
Tenancy Details
The property is let to a Mr J. Golding at a current rent of £153 pcm (£1,836 p.a.) unregistered. It is considered that there is scope for some increase.
Directions
From the City centre take the Duffield Road northwards and at the end of the Garden Street one way system bear left into Kedleston Road. Continue for some 200 yards before turning left into Cowley Street. Take the second turning on the left into Watson Street and the property will be found on the right hand side.
Vendors Solicitors/Licensed Conveyancers
J.H. Powell & Co, Cathedral Chambers, Amen Alley, Derby Telephone 01332-372211
Tenure
Freehold. Subject to tenancy.
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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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 £495 (inc VAT) payable on the fall of the hammer.
For Sale by Auction: Thursday 17th February 2011
At Pride Park Stadium, Derby
Commencing at 11.30 am
RESIDENTIAL INVESTMENT PROPERTY Regulated Tenancy
Two bedroomed terraced house in popular location
Unregistered rent so capable of increase
Excellent long term investment
