Flat / Apartment
FOR SALE BY AUCTION: THURSDAY 5TH SEPTEMBER 2013
AT PRIDE PARK STADIUM, DERBY
COMMENCING AT 11.30 AM
DRAFT DETAILS ONLY.
Situated close to the City inner ringroad, and within comfortable
distance of the City centre, an excellent passaged end terraced house which has
been divided into two self-contained one bedroomed flats, one of which is let
and one of which is vacant (although the landlord is attempting to re-let prior
to the auction date). Subject to that,
the total yield for the property could exceed £9,300 p.a.
The property has the benefit of double glazing, a new roof
cladding and electric storage heating. It comprises the following
Combined
Entrance Hall
With access to both ground and first floor flats.
Ground Floor Flat
Having living room, bedroom, kitchen and bathroom, with access to
a block paved rear yard and garden.
First Floor Flat
Comprises a landing, sitting room, bedroom, kitchen and bathroom.
Tenancy Details
The first floor flat is let on a rolling assured shorthold
agreement at a rent of £379 per calendar month.
The ground floor flat has recently become vacant and was last let at
£365 per four weeks. If re-let at the
same rental level, the total combined reserved rent would achieve nearly £9,300
per annum.
Directions
From the City centre leave along Abbey
Street, crossing over the City inner ringroad and thereafter taking the first
turning on the right into Alma Street.
At the crossroads turn right into Woods Lane and Wolfa Street is the
third turning on the left.
Vendors Solicitors/Licensed Conveyancers
John M. Lewis & Co, 92 St. Peter's
Street, Derby DE1 1SR – telephone 01332-292204
Tenure
Freehold. Part let; part vacant.
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 nor
withdrawn.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 £500 (plus VAT) payable on the
fall of the hammer.
FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE
SUPERB INVESTMENT PROPERTY
Two self-contained flats, both one bedroomed
Well situated, within walking distance of City centre
Potential income circa £9,300 p.a.
Energy Rating - Ground Floor Flat - E & Top Floor Flat - E
