Description
***POTENTIAL HIGH YIELDING INVESTMENT OPPORTUNITY***
Occupying a popular and convenient residential location, is a purpose built first floor, well maintained and equipped one double bedroomed apartment, offered for sale with immediate vacant possession.
We are informed by the seller the property was previously let at £675pcm (£8,100pa), this represents an impressive 21.3% return based on the guide price.
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To the ground floor there are stairs to the first floor. The apartment itself is uPVC double glazed an in brief comprises:- entrance hall light and spacious lounge, fitted kitchen with built-tin-appliances, double bedroom and modern fitted shower room. Outside to the rear there is a communal car park.
The property is well placed for the Royal Derby Hospital, Derby University Campus, city centre and the A38 which provides swift access onto the A50, Toyota, Burton-on-Trent and further regional business centres.
Costs
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding 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.
