Property Description

An infrequent and exciting opportunity to acquire a one and two bedroomed self-contained flats located in a former old bakery being part let, part vacant. Located to the rear of this detached property is Flat 1A which is in need of refurbishment and once works have been completed we would estimate a minimum rental income of £400 per calendar month (£4,800 per annum). The accommodation for the flat comprises entrance hall with open plan through to a lounge, bedroom, kitchen and shower room. Flat 1 has a ground floor entrance and leads to a first floor landing area with bedroom, generous sized lounge, breakfast kitchen room, a hallway provides further access to a good sized double bedroom and a bathroom with suite in white. Outside there is a driveway to the side of the property leading to ample parking area located to the rear of the property. Flat 1 is currently let on an assured shorthold tenancy agreement at £350 per calendar month and offers significant scope for rental increase. In our opinion once the ground floor flat has been refurbished we would estimate a rental income of approximately £450 per calendar month. Once Flat 1 has been increased to our estimated figure of £500 (£6,000 per annum) this would equate to a combined potential income of £11,400 per annum. Please note there is a further ground floor flat and garage that are owned separately and are not included within the sale. The freehold is included within the sale and this property will surely appeal to local and national investors. The property enjoys a tree lined position situated within a short commute of Ilkeston town centre which boasts an excellent range of amenities. Ilkeston itself boasts a new train station and is strategically placed for the M1 motorway and the cities of Derby and Nottingham.

FLAT 1A

Located to the rear of the property comprises -

Open Plan Entrance Hall

Entered by PVC door opening through to -

Lounge 17ft max x 12ft reducing to 6ft2

With uPVC double glazed window and opening through to the bedroom.

Bedroom 8ft10 x 6ft4

With uPVC double glazed window.

Kitchen 6ft3 x 6ft4

With uPVC double glazed window and fitted units with built in oven and hob.

Shower Room 4ft10 x 4ft11

With uPVC double glazed window and comprising a shower cubicle, low level wc, pedestal wash hand basin, tiling to the walls.

Note

This flat is in need of refurbishment and we estimate a rental income of comfortably £400 per calendar month (£4,800 per annum).

FLAT 1

Comprising -

Ground Floor Entrance

PVC door with staircase to first floor.

First Floor Landing Area

With central heating radiator.

Bedroom 12ft4 x 9ft8 reducing to 5ft3

With uPVC double glazed window and central heating radiator.

Lounge 13ft10 x 11ft3

With uPVC double glazed window and central heating radiator.

Kitchen 9ft x 7ft2

With uPVC double glazed window. The fitted kitchen comprises a range of wall mounted cupboards with matching base units, drawers, preparation surface, sink and drainer. There is also a built in oven and hob.

Rear Hall 16ft11 x 3ft6

With uPVC double glazed window and central heating radiator.

Bedroom 16ft11 x 8ft8

Please note this is an irregular shaped room. UPVC double glazed window and central heating radiator.

Bathroom 8ft6 x 5ft 11

Fitted with a three piece suite in white comprising a panelled bath with shower unit over, shower screen, low level wc, pedestal wash hand basin, tiling to walls and central heating radiator.

Outside

There is a driveway to the side of the property leading to ample car standing space located to the rear of the property.

Note

The ground floor flat which is accessed from the road as per photo and garage are owned separately and are not included within the sale. The freehold is available with the sale of the property. We are informed by the seller that the garage is on a 999 year lease. This is to be confirmed and we would recommend interested parties to inspect the legal pack.

Occupancy

Part let, part vacant.

Tenure

Freehold

---