End of Terrace
FOR SALE BY AUCTION - THURSDAY 11TH SEPTEMBER 2014
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
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, both of which are let on assured shorthold agreements.
The current annual yield for the property is £9,293.00.
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 is let on an assured shorthold at a rent of £365.00 per four weeks. Total reserved rent £9,293.00 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. 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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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
SUPERB INVESTMENT PROPERTY
Two self-contained flats, both one bedroomed
Well situated, within walking distance of City centre
Current annual income - £9,293.00 p.a.
Energy Efficiency Rating – Ground Floor Flat - E & Top Floor Flat - E
