Property Description

***High yielding freehold residential investment opportunity*** Located on the corner of Stone Hill Road and St Giles Road, is a very substantial 9 bedroomed HMO property, offered for sale with immediate vacant possession and lends itself to buyers to make improvements along with scope for significant rental increase. In our opinion as the property currently stands, we would estimate a gross rental income of circa £50,000 per annum, this would represent an impressive 16.9% return based on the guide price. The property is a large uPVC double glazed and gas centrally heated period home currently used by a local charity with 9 lettable bedrooms ,sharing 3 showers and a further WC. There are 2 kitchens with open plan reception rooms attached to them, a further set of offices, a utility room and further storage. The property is situated within the context of an established and sought after residential location, conveniently positioned for the Derby City Centre and the University Campus and Derbion Shopping Centre.

Tenure

Freehold

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