Semi-Detached House
FOR SALE BY AUCTION - THURSDAY 11TH SEPTEMBER 2014
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
A superb investment property currently generating £22,290 per annum situated within a sought after location a short walk from Derby City centre and all of the facilities that it has to offer. The property is conveniently located for numerous educational facilities along with parks and leisure facilities. A substantial Victorian property which has been converted into five self-contained flats, two of which are two bedrooms, the remaining three are one bedroomed.
The accommodation is arranged as follows
Ground Floor
Flat One
With bedroom, living room, kitchen, bathroom and garden.
Flat Two
With bedroom, open plan lounge and kitchen and bathroom.
First Floor
Flat Three
With two bedrooms, open plan lounge and kitchen, bathroom.
Flat Four
With open plan lounge and kitchen, bedroom and bathroom.
Second Floor
Flat Five
With open plan lounge and kitchen, two bedrooms and bathroom.
Outside
A good sized garden enclosed with timber fencing.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.grahampennyauctions.com/glossary
FOR EPC’S AND LEGALS PLEASE SEE THE WEBSITE
WWW.GRAHAMPENNY.COM
Five self-contained flats
2 x 2 beds and 3 x 1 beds
Current income £22,290 per annum
Sought after location close to educational facilities
EPC Rating : Flats 1-4 – D; Flat 5 - F
