Town House
FOR SALE BY AUCTION - THURSDAY 11TH SEPTEMBER 2014
AT IPRO STADIUM, DERBY
COMMENCING AT 11.30 AM
DRAFT DETAILS ONLY.
Located within convenient distance of the City centre but with local buses, schools and other facilities, an opportunity to acquire a substantial palisaded house which has been rented out for some time and has produced a consistently high income.
The auctioneers have not inspected the property but believe it to contain -
Passaged Entrance Hall
Sitting Room
Dining Room
Large Kitchen
On the first floor
Landing
Four Bedrooms
Shower Room/wc
Outside
Small front garden; rear garden.
Directions
From the City inner ring road turn onto Normanton Road and at the first set of traffic lights turn right onto Mill Hill Lane. Immediately bear left up the hill and continue for some 400 metres when the property will be found on the left hand side.
Tenancy Details
The property is let on an assured shorthold agreement at a reserved rent of £150 per week, of which it is understood that the local authority pay £145.
Vendors Solicitors/Licensed Conveyancers
Simpson Jones, 41 St. Mary's Gate, Derby DE1 3JX – telephone 01332-200200
Tenure
Freehold. Subject to tenancy.
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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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
RESIDENTIAL INVESTMENT PROPERTY
Four bedroomed bay windowed terraced house
Currently let on an assured shorthold agreement
Reserved rent £7,280 p.a.
EPC Rating : E
