Property Description

***High yielding freehold residential investment opportunity*** Located close to the popular Darley Park and Derby city centre, is a fine Grade II Listed Georgian Town House arranged over four floors, divided into seven letting units, with a combined gross rental income of £42,240 per annum. This represents an impressive 14.3% return based on the guide price. Constructed of a dressed stone to the front elevation with brick to the rear set beneath a pitched tiled roof, the mostly gas centrally heated living accommodation in brief comprises:- Ground Floor: Communal entrance hall with stairs up and down. Flat 4 (front) having entrance lobby, living room/bedroom including kitchen area, and shower room. Flat 3 (rear) - The auctioneers have not inspected this flat but we believe it to comprise an entrance lobby, living room/bedroom with kitchen area and shower room. Lower Ground Floor: Rear entrance hall; Flat 6 (front) having large living room/bedroom, inner lobby, separate kitchen and shower room. Flat 5 (rear) having living room /bedroom with kitchen area and shower room. First Floor: With landing area. Flat 7 (front) having entrance lobby, kitchen with separate living room/bedroom and shower room. Flat 2 (rear) having living room/bedroom with separate kitchen and shower room. Flat 1 (split level) having bathroom and separate toilet located off from the first floor landing and stairs to the attic floor flat. With landing, large living room with kitchen area and a spacious separate bedroom. The property enjoys a highly convenient location, positioned along this charming parade of character town houses, being well known locally. Also in close proximity to Pride Park and the A52 which provides swift access onto the M1 Motorway, Nottingham and further regional business centres.

Ground Floor Entrance

L-shaped 22ft x 16ft 6

FLAT FOUR - FRONT

Let on an Assured Shorthold Tenancy at £485 per calendar month (£5,820 per annum).

Entrance Lobby

4ft x 5ft 3

Living Room/Bedroom with kitchen area

14ft 2 x 11ft 2 into chimney recess

Shower Room

8ft 6 x 4ft

FLAT THREE - REAR

Let on an Assured Shorthold Tenancy at £485 per calendar month (£5,820 per annum). The auctioneers have not inspected the flat but believe it to comprise -

Rear Entrance Hall

L-shaped 11ft 8 x 11ft 2

FLAT SIX - FRONT

Let on an Assured Shorthold Tenancy at £485 per calendar month (£5,820 per annum).

Large Living Room/Bedroom

13ft 8 x 11ft 4 max

Inner Lobby

3ft 8 x 4ft 6

Fitted Kitchen

6ft 5 x 4ft 5

FLAT FIVE - REAR

Let on an Assured Shorthold Tenancy at £425 per calendar month (£5,100 per annum).

Living Room/Bedroom with kitchen area

13ft 8 x 11ft 4 max

Raised Inner Lobby

4ft 7 x 3ft 7

Shower Room 5ft 1 x 6ft 1

5ft 1 x 6ft 1

First Floor Landing with glazed dome

15ft 3 x 6ft 9

FLAT SEVEN - FRONT

Let on an Assured Shorthold Tenancy at £605 per calendar month (£7,260 per annum).

Entrance Lobby

5ft 5 x 3ft 2

Fitted Kitchen

8ft x 8ft 9

Living Room/Bedroom

14ft 6 x 10ft 6

Shower Room

5ft 5 x 5ft 6

FLAT TWO - REAR

Let on an Assured Shorthold Tenancy at £550 per calendar month (£6,600 per annum).

Living Room/Bedroom

14ft x 10ft 6

Fitted Kitchen

7ft 7 x 4ft 8

Shower Room

4ft 8 x 4ft

Separate Wc

3ft 8 x 2ft 6

FLAT ONE - SPLIT LEVEL INTO ATTIC ROOM

Let on an Assured Shorthold Tenancy at £485 per calendar month (£5,820 per annum).

Landing

9ft 10 x 5ft

Large Living Room with kitchen area

15ft 8 x 9ft 8 restricted height

Large Bedroom

17ft 9 x 9ft 9 restricted height

Separate Wc (off first floor landing)

3ft 8 x 2ft 6

Shower Room

4ft 8 x 4ft

Outside

Garden to the rear.

Conservation Area

We have been made aware this property is in the Strutts Park conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.

Flood Risk

Rivers and Seas - No Risk. Surface Water - Very Low.

Building Construction

Sandstone or limestone, as built, no insulation (assumed) - Information taken from EPC.

Broadband (estimated speeds)

Standard 15 mbps, Superfast 287 mbps and Ultrafast 1000 mbps show as available in this location

Mobile Signal

EE, O2, Vodaphone and Three show as available in this location.

Satellite and Cable TV Availability

Sky and BT show as available in this location.

Tenure

Freehold

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