Flat / Apartment
FOR SALE BY AUCTION: THURSDAY 10TH JULY
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
DRAFT DETAILS ONLY.
Society Place is an established residential location of mainly terraced housing, close to St. Chads Road and handy for facilities on Normanton Road.
The property is an older style flush fronted semi-detached house offering fairly extensive accommodation which many years ago was converted into four self-contained studio flats. The property has been continuously maintained and offers a good standard of accommodation, has the benefit of electric storage heating, double glazing and in some cases newly decorated and carpeted. The majority of the units have modern kitchens and showers or bathrooms.
At the time of preparation of these particulars, two of the flats were rented out, the other two vacant because they have just been refurbished. In more detail the accommodation comprises –
Security entrance gates into side yard and beyond to main front entrance (which serves three of the four units).
Communal Entrance Hall
Flat One
With entrance hall, kitchen, shower room/wc, sitting room/bedroom.
Stairs to First Floor
Flat Three
Having entrance hall, sitting room/bedroom, modern fitted kitchen with built in oven and hob, shower room/wc. Note – this flat is newly decorated and carpeted.
Flat Four
Having entrance hall, shower room/wc, modern fitted kitchen with integrated oven and hob, sitting room/bedroom.
Flat Two
Having its own access at the rear and located on the ground floor. Entrance hall, modern fitted kitchen, shower room/wc, sitting room/bedroom. Note – this flat is newly decorated, carpeted and has been modernised and at the time of preparation of these details is vacant.
Outside
Gated side drive leading to a rear garden area.
Tenancy Details
At the time of preparation of these particulars flats one and four were occupied on assured shorthold agreements at £65 each per week (£3,380 per annum each). Flats two and three are vacant having been newly refurbished and available at £70 per week. Combined total rent in excess of £14,000 per annum.
Directions
From Derby City centre leave along Burton Road continuing through the Abbey Street traffic lights and part way up the hill turn left into Breedon Hill Road. Turn immediately left again into Empress Road, cross over St. Chads Road. At the T-junction turn left along Howard Street, second right into Co-operative Street and first left into Society Place.
Vendors Solicitors/Licensed Conveyancers
Elvin & Co, 92 Main Street, East Leake, Loughborough, Leics LE12 6PG – 01509-852454
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 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 high yield investment property
Four self-contained studio flats
Double glazing, new roof covering, electric heating
Full income over £14,000 p.a.
EPC Ratings : Flat 1- F, Flat 2- E, Flat 3- F, Flat 4- F
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