Semi-Detached House
The property is situated on the corner of Mill Street and Wood Street approached off Station Road in an established residential area of similar properties. The property is divided as to 109 which is a two bedroomed unit occupying two floors and having two bathrooms, thereby creating possibilities for some sub-division, and 109b which is a self-contained studio flat. Both are double glazed and occupied.
In more detail the accommodation is as follows
109 MILL STREET
Entrance Hall
Lounge
With Kitchen area.
Bathroom
First Floor
Two Bedrooms
Living Room plus Further Bedroom/Study
Bathroom
109B MILL STREET
Kitchen
Living Room/Bedroom
Bathroom
Outside
Rear yard: passes with 109b.
Tenancy Details
109 is let at £520 per calendar month and the tenant is holding over under an expired assured shorthold agreement.
109b is let at £295 per calendar month and the tenant is on a six month assured shorthold which commenced in February 2011.
The combined reserved rent if £9,780 p.a.
Directions
Leave Ilkeston along Chalons Way and at the first traffic island turn right onto Station Road, and immediately left into Mill Street. The property will be found at the lower end on the right hand side, on the corner of Mill Street Street.
Vendors Solicitors/Licensed Conveyancers
Tenure
Freehold. Vacant possession on completion.
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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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 26th May 2011
At Pride Park Stadium, Derby
Commencing at 11.30 am
RESIDENTIAL INVESTMENT PROPERTY
Large two floor corner house divided into two letting units
Possibilities to create a third letting unit
Both currently occupied producing a reserved rent of £9,780 p.a.
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