For sale by auction on Wednesday 28th November 2018 at the derbyshire county cricket ground at 11:30am. At a *Guide Price of £180,000 - £200,000
(Please refer to important notice at the front of our catalogue re guide and reserve prices.)Located in the popular Burton Road area, within walking distance of the City Centre and Normanton shopping facilities can be found this great investment opportunity. The property has been split into three flats, two presently let out on an ast. In addition can be found a further room which presently opens into a basement area. To the side of the property can be found a driveway leading to garaging which has planning permission via Derby City Council ref: Der/11/17/01503 for the demolition of the garages and the erection of a two storey apartment building containing three flats.
Flat one presently let on an ast at £350 pcm.
Flat two is presently let on an ast at £240 every four weeks.
Viewings:
Bagshaws Residential, 32-34 Cornmarket, Derby, DE1 2DG. Tel:
Accommodation:
Ground Floor: Communal entrance hall, room which presently opens into the basement, W/C. First Floor: Landing. Flat 2: Kitchen/lounge, hall, bedroom, bathroom, flat 3 bedsit, bathroom W/C.
Separate entrance to ground floor flat 1: Lounge/bedroom, kitchen, bathroom W/C.
Tenure
Freehold
Energy Efficiency Ratings: Flat 1 - E with total floor area of 850.35 sq ft / 79 sq m. Flat 2 - tbc. Flat 3 - G with total floor area of 226.04 sq ft / 21 sq m.
Vendor's Solicitor
The Conditions of Sale will be deposited at the offices of the auctioneers, Bagshaws Residential, and vendors solicitors seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers, Bagshaws Residential, before the sale that the property is neither sold or withdrawn. The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
*Guide and Reserve Prices
Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits. The sale of each lot is subject to a contract documentation charge £995.00 (including VAT) payable on the fall of the hammer. If you are unable to attend the auction for any reason you can still bid on the property either by telephone or proxy bid, please contact the auctioneers for further information.
Guidance notes are set out in the catalogue in relation to auction property, particularly from a purchasing perspective.
Bagshaws Residential are contactable at 38 Cornmarket, Derby DE1 2DG Tel Visit our Website