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42 Werburgh Street, Derby, DE22 3QG

Lot no: 9.0 Sold at Auction for £51,000
 

Guide Price £42,000 plus fees


Thursday 18th October 2012

12.00am
Key Features
RESIDENTIAL INVESTMENT ON REGULATED TENANCY
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Sold at Auction for £51,000

Mid-terraced House

Property Description

DRAFT DETAILS ONLY.

Pleasantly and conveniently located, with open aspect over school
playing fields to front, an opportunity to acquire a residential investment
property on a regulated tenancy, which means the tenants have protection under
the Rent Acts and the property is let on a registered rent.

The rent reflects the fact that the tenants have undertaken over a
period of time, a number of improvements at their own expense.  The last registration took place in May 2009,
and an application for a revised rent can be made at any time.  A full schedule of the work undertaken by the
tenants is held by the auctioneers on file.

In more detail the accommodation comprises

Front Sitting
Room

With dado rail and front entrance door (the fireplace is a tenants
fixture).

Inner Lobby

With access off to Cellar.

Living Room

With tiled fireplace (the gas fire is a tenants fixture).

Kitchen

Now have an inset sink to work surface, base and wall cupboard
units, etc these were fitted by the tenants at their own expense.

Stairs to First
Floor Landing

Bedroom One

The wardrobes are tenants fixtures.

Bedroom Two

With access directly through to bathroom although the room could
be passaged out.

Bathroom

With usual suite of fittings including electric shower over
bath.  The bathroom has been refitted by
the tenant.

Outside

Rear yard, mainly surfaced rear garden area.  Shared side passage and attached wc.

Tenancy Details

The property is sold subject to a regulated tenancy in favour of
Mr & Mrs Pickering and the registered rent is currently £50 per week
(£2,600 per annum), last registered on 15th May 2009.

Directions

From the City centre leave along Abbey
Street crossing over the City inner ringroad and thereafter taking the first
available turning on the right hand side into Alma Street.  At the T-junction with Woods Lane turn right
and Werburgh Street is the first turning on the left.

Vendors Solicitors/Licensed Conveyancers

Flint Bishop, St. Michaels Court, St.
Michaels Lane, Derby  telephone 01332-340211

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 18TH OCTOBER 2012

AT PRIDE PARK STADIUM, DERBY

COMMENCING AT 11.30 AM

FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE

WWW.GRAHAMPENNY.COM

Feature 1

RESIDENTIAL INVESTMENT ON REGULATED TENANCY

Feature 2

Traditional two bedroomed mid terraced house

Feature 3

Conveniently located close to City centre

Feature 4

Let on registered rent

Tenure: