Town House
DRAFT DETAILS ONLY.
An opportunity to acquire a spacious Victorian town house with three floor accommodation plus cellar, divided into five letting units, with full occupancy, producing a reserved rent of £13,668.36 per annum.
The flats have the benefit of electric heating and briefly offer the following accommodation
Communal Entrance Hall
With access off to cellar.
Flat One: A studio flat comprising a bed-sitting room with a kitchen area.
Flat Two: having kitchen, bedroom, sitting room and wc.
First Floor
Flat Three: a studio flat comprising bed-sitting room with kitchen area.
Flat Four: bed-sitting room with separate kitchen.
Communal Shower
Separate Bathroom/wc
Separate wc
Second Floor
Flat Five: having sitting room, bedroom and kitchen.
Outside
Forecourt and rear garden.
Tenancy Details
The five letting units are occupied on assured shorthold agreements at rents varying from £180 per calendar month to £268.66 per calendar month. Monthly reserved rent £1,309 which equates to £13,668 a year.
Directions
Leave the City centre along Ashbourne Road and, some 200 yards before the Markeaton Island bear left into Windmill Hill Lane. Take the second turning left into Bass Street and the property will be found on the left hand side just above Peel Street.
Vendors Solicitors/Licensed Conveyancers
Davisons, 254 Lichfield Road, Four Oaks, Sutton Coldfield B74 2UH
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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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
Well located three storied Victorian town house
Divided into five letting units
Fully occupied currently producing £13,668 per annum
Popular residential location off Ashbourne Road
