Block of Apartments in Derby

Flats 5-12 Lilac Court, Lilac Close, Alvaston, Derby DE24 0JF
  • Lot No: 119
  • Property Type: Block of Apartments
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £475,000+ plus fees

Result Sold Prior to Auction

Property Description

DRAFT DETAILS - AWAITING VENDOR APPROVAL A very rare and exciting opportunity to purchase 11 x freehold self contained flats being majority vacant (three let) and set in a secluded and popular residential location. When fully let and refurbished, we believe the properties will achieve in the region of £55,000 to £60,000 per annum combined. We would advise interested parties to check the legal documents for further information. PLEASE NOTE: We are informed by the seller that there is potential for loft conversion to first floor flats and ground floor extensions to some units, subject to planning consent.

Entrance Hall

Leading down the middle of the four studio flats and giving access to -


Communal Lounge

With access to rear garden.


Flat 5 - 7

Split into four separate self-contained studio flats each comprising of lounge/bedroom with shower room and kitchenettes. All are vacant, uPVC double glazed and gas centrally heated. We believe these are known as 5a, 5b, 7a and 7b.


NOTE:

We have only gained access to the front two studio flats.


Flat 6

A two bedroomed first floor maisonette benefiting from uPVC double glazing and electric panel heaters. The flat is currently let and interested parties are advised to check the legal documents for more information.


NOTE:

The auctioneers have not been able to inspect this flat but we believe the accommodation on offer is the same as Flat 8.


Flat 8

Ground floor entrance leading to first floor landing giving access to open plan living kitchen lounge, two double bedrooms and bathroom. UPVC double glazed and electric panel heaters. This flat is vacant.


Flat 9

A uPVC double glazed ground floor flat comprising open plan living kitchen bedroom (this room requires full refurbishment), large understair storage area and a part fitted bathroom. This flat is vacant.


Flat 10

A first floor flat comprising ground floor pitched tiled storm canopy with PVC door and stairs to first floor L-shaped passaged landing, utility/boiler room, separate storage cupboard (potential for en-suite subject to building regulations), large open plan living fitted kitchen with built in appliances, two double bedrooms and bathroom with three piece suite in white. The flat is uPVC double glazed and gas centrally heated and is vacant.


Flat 11

This flat is accessed through the communal area to the rear. The uPVC double glazed accommodation comprises open plan living kitchen (no fitted kitchen units) with bedroom and bathroom (low level wc and wash basin only). The flat is vacant.


Flat 12 and 12a

This flat is converted into two self-contained units and comprise a communal ground floor entrance leading to - Flat 12: Open plan living kitchen diner with separate bedroom and shower room. Flat 12b: Open plan bedroom/kitchen with shower room. We are advised that the two units are let on one agreement at £197 per week . Interested parties are advised to check the legal documents for more information.


Tenure

Freehold


Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.