Detached House
FOR SALE BY AUCTION: THURSDAY 10TH APRIL
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
Located close to Mickleover village centre with its many facilities, an excellent opportunity to acquire a multi-let residential investment comprising a four bedroomed semi-detached house together with a two bedroomed and a one bedroomed terraced bungalow. All three properties are let and produce a combined reserved rent of £18,480.
There is parking is front and rear together with a large double garage and a pleasant area of communal garden.
The letting units are well equipped, double glazed and gas centrally heated, and entirely self-contained, other than communal external areas.
In more detail they comprise
109 STATION ROAD
Entrance Hall
With uPVC double glazed entrance door, double radiator, understairs storage area.
Cloaks/wc
Sitting Room 15'9" x 10'9"
Having uPVC double glazed bow window and double radiator.
Excellent Dining Kitchen – Dining Area 17' x 12'8" and Kitchen Area 20' x 10'6"
Well equipped with a modern range of base cupboard and wall units, work surfaces, integrated four burner gas hob with matching electric fan assisted double oven and grill, double radiator, uPVC double glazed door and window.
Walk-In Cloaks/Freezer Store
First Floor Landing
Bedroom One 13' x 9'7"
With fitted wardrobes, central heating radiator and uPVC double glazed window.
Bedroom Two 10'5" x 10'2"
With wardrobe, central heating radiator and uPVC double glazed window.
Bedroom Three 8'6" x 6'
With radiator and uPVC double glazed window.
Bathroom
With a white three piece suite, central heating radiator and uPVC double glazed window.
Stairs to Second Floor
Bedroom Four 12'3" x 9'9"
With bulk head storage, central heating radiator, uPVC double glazed dormer window.
Shower Room
With tiled shower compartment, wall mounted wash hand basin, low flush wc, central heating radiator and uPVC double glazed window.
109A STATION ROAD
A two bedroomed terraced bungalow having double glazed and centrally heated accommodation comprising –
Dining Kitchen 12'9" x 11'4"
With a range of modern fitted base cupboard and drawer units, work surfaces, appliance space, central heating radiator, uPVC double glazed window and entrance door.
Sitting Room 15' x 11'6"
With laminated wood effect floor, double radiator.
Bedroom One 9'8" x 9'8"
With central heating radiator and uPVC double glazed window.
Bedroom Two 9'9" x 5'9"
With radiator and double glazed window.
Inner Hall
Shower Room
With modern white suite comprising shower compartment, low flush wc, pedestal wash hand basin, central heating radiator and extractor fan.
109B STATION ROAD
A one bedroomed end terraced bungalow having gas centrally heated, uPVC double glazed accommodation.
The bungalow offers very similar accommodation to 109A with the exception of the second bedroom, but it also has a large attached brick based conservatory.
Outside
Parking to front and rear for numerous vehicles together with a detached double garage. There is an attractive secluded area of communal garden to the rear.
NOTE – It is considered that the rental yield could be increased if the garage was let for storage purposes, and there may be some prospect of development within the rear garden but interested parties should make their own enquiries of the local planning authority.
Tenancy Schedule
The properties are let on assured shorthold agreements at the following rents –
109 Station Road is let on an assured shorthold at £695 pcm; 109A Station Road is let at £425 pcm and 109B is let at £420 pcm. Combined monthly income £1,540 (£18,480 per annum gross).
Directions
From the City centre leave along Uttoxeter Road and proceed to Mickleover. Having passed through several sets of traffic lights, at the first traffic island within the village centre turn right onto Station Road and proceed for some 300 yards where the property will be found on the right hand side shortly after the Western Road turning.
Vendors Solicitors/Licensed Conveyancers
John M. Lewis & Co, 92 St. Peter's Street, Derby DE1 1SR – telephone 01332-292204
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 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 deposits.
The sale of each lot is subject to a buyers contract handling fee of £750 (inc VAT) payable on the fall of the hammer.
FOR EPC'S AND LEGALS PLEASE SEE THE WEBSITE
SUPERB RESIDENTIAL INVESTMENT PROPERTY
Four bedroomed semi-detached house and two bungalows
Well established and regarded residential area
Combined rental income circa £18,480 per annum
EPC Rating : 109 – E; 109A – C; 109B - D
