Block of Apartments in Derby

141 Holcombe Street, Derby DE23 8JD
  • Lot No: 97
  • Property Type: Block of Apartments
  • Contract Type: Unconditional with Variable Fee

Guide Price* £250,000+ plus fees

Result Sold at Auction £290,000

Property Description

A newly developed block of four x one bedroom apartments located along Holcombe Street. The property comprises a brick built two story apartment building with two apartments to the ground floor and two to the first floor. All apartments have been let on AST tenancies commencing end of 2024/beginning of 2025 at a rent passing of: Flat 1 £595 pcm Flat 2 £695 pcm Flat 3 £600 pcm Flat 4 £695 pcm giving a total gross annual income of £31,020 per annum. Holcombe Street is ideally situated for shops, schools and Derby City Centre. There is good access to all major roads, the motorway network, East Midlands Airport, the Royal Derby Hospital, Alstom and Rolls-Royce. Interested parties are advised to inspect the legal pack form more information.

Flood Risk

Rivers and Seas Very low. Surface Water Moderate.


Mobile Phone Coverage

O2, EE, Three and Vodafone are available.


Broadband (estimated speeds)

Standard 8 mbps. Superfast 60 mbps. Ultrafast 1800 mbps.


Satellite and Cable TV Availability

BT and Sky are available.


NOTE TO BUYERS

Buyers are to note that the sale is of part of title number DY121545. The extent of the land offered for sale is shown in the document named Transfer Plan within the legal pack. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.


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 Variable Fee (England and Wales). 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 fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
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 Price 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 29th May 2025

Venue National Property Auction
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

141 Holcombe Street, Derby DE23 8JD