Town House
DRAFT DETAILS ONLY.
Hartington Street is located between Normanton Road and Osmaston Road on the fringe of the City centre and is an established area for rented properties. Formerly a stylish Victorian town house, the property has long since been divided into six letting units, two flats on each of three floors, and there is rear access via Hartington Mews with a garage in the rear garden.
At the time of preparation of these particulars only two of the six flats are let, and the property is in need of some expenditure to upgrade the accommodation. However total yield if fully occupied would exceed £22,000 per annum.
In brief the accommodation is as follows:
Communal Entrance Hall
Flat One
Having living room, bedroom, kitchen and shower room.
Flat Two
Having combined living and bedroom with kitchen area, shower room.
First Floor
Flat Three
Having sitting room with kitchen area, separate bedroom and shower room.
Flat Four
Having sitting room with kitchen area, separate bedroom and bathroom.
Second Floor
Flat Five
Having sitting room with kitchen area, separate bedroom and bathroom.
Flat Six
Having sitting room with kitchen area, separate bedroom and bathroom.
Outside
Small area of front garden/forecourt with wrought iron railings to pavement. Enclosed rear yard and garden with garage and access from Hartington Mews.
Tenancy Details
Flats one and four are currently the subject of assured shorthold occupancies and produce a combined rent of £625 per calendar month (£7,500 per annum).
Directions
From the City centre leave along Normanton Road, crossing the traffic light junction at Charnwood Street/Mill Hill Lane and thereafter take the second turning on the left into Hartington Street (one way only from Normanton Road).
Vendors Solicitors/Licensed Conveyancers
Davisons, 254 Lichfield Road, Four Oaks, Sutton Coldfield B74 2UH
Tenure
Freehold. Subject to tenancies.
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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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 9TH FEBRUARY 2012
AT PRIDE PARK STADIUM, DERBY
COMMENCING AT 11.30 AM
RESIDENTIAL INVESTMENT PROPERTY
Three storied Victorian end town house divided into six letting units
Part let, part vacant but full yield would comfortably exceed £20,000 p.a.
