Mid-terraced House
Peet Street is situated off Uttoxeter New Road in a popular, convenient and established residential location where there is a particularly strong demand for rented accommodation.
The property was formerly a three bedroomed passaged town house but has latterly been used as offices. Planning consent has been obtained for conversion to four one bedroomed flats, and the conversion scheme has been substantially commenced although remains incomplete. If finished in accordance with the approved drawings, there will be two flats on each of ground and first floor, and each will contain a living room with kitchen area, separate bedroom, shower room/wc. To the rear is a surfaced yard area which would accommodate four vehicles, accessed through an archway between numbers 75 and 77 through which there will be a legal right of way.
The scheme has the benefit of planning permission granted by Derby City Council under application DER/01/10/00019, a copy of which together with the drawings can be downloaded from the council web-site.
Directions
From Derby City centre leave along Uttoxeter New Road and after less than half a mile turn left into Peet Street where the property will be found on the left hand side.
Vendors Solicitors/Licensed Conveyancers
Bakewells, 64 Friar Gate, Derby DE1 1DJ telephone 01332-348791
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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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 9TH FEBRUARY 2012
AT PRIDE PARK STADIUM, DERBY
COMMENCING AT 11.30 AM
RESIDENTIAL DEVELOPMENT OPPORTUNITY
Former passaged terraced house, latterly used as offices
Conversion scheme to four flats substantially started but incomplete
Potential high yield residential investment
