6 bedroom Block of Apartments in Derby

The Priory, North Street, Derby DE1 3AZ
  • Lot No: 58
  • Property Type: Block of Apartments
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £290,000+ plus fees

Result Sold at Auction £344,000

Property Description

A modern block of six apartments offered fully let at £36,461 per annum inc. A purpose built block of apartments located just off Duffield Road close to the city centre of Derby. The modern, two storey block comprises of six studio flats. Benefits include electric heating, double glazing and fire alarm system. Well situated for local amenities, the city centre and Derby University. Each flat comprises of open plan lounge/kitchen/bedroom and en-suite shower room. Modern kitchens and bathrooms throughout. Communal laundry room and small garden/yard to rear. The block has a great letting history and is offered fully let at a combined rent of £36,461 per annum inclusive of bills. All flats have been continually managed and let for over 10 years for the current owners by Nicholas Humphreys, Derby A superb ready made investment with income from day one and a gross return of around 12.5%.

Ground Floor

Reception hallway with stairs to first floor and communal laundry room.


Flat One let at £5,980 per annum inc.

Open plan lounge/kitchen/bedroom and en-suite shower room.


Flat Two let at £5,865 per annum inc.

Open plan lounge/kitchen/bedroom and en suite shower room.


Flat Three let at £6,188 per annum inc.

Open plan lounge/kitchen/bedroom and en suite shower room.


First Floor

Landing and store cupboard.


Flat Four let at £6,188 per annum inc

Open plan lounge/kitchen/bedroom and en suite shower room.


Flat Five let at £5,865 per annum inc

Open plan lounge/kitchen/bedroom and en suite shower room.


Flat Six let at £6,375 per annum inc

Open plan lounge/kitchen/bedroom and en suite shower room.


Outside

There is a small communal garden/yard to the rear with bin storage space.


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.

Auction Details

Date 31st March 2022

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

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Map

The Priory, North Street, Derby DE1 3AZ