Property Description

DRAFT DETAILS An ideal investment opportunity to acquire a large thirteen bedroom detached HMO located close to the City centre, when fully let the property generates an annual gross income of approx. £60,360 per annum. This would represent a 14.2% return based on the guide price. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. The property benefits from communal areas including lobby, hallway, two separate kitchen, lounge and laundry rooms. There are thirteen bedrooms spread over three floors and benefit from two shower rooms and a good sized bathroom. Outside, there is off-street parking available. Derby City centre offers easy access to a full range of amenities including comprehensive shopping facilities along the Corn Market and noted Derbian shopping centre with its major retail outlets and state of the art cinema. Sadler Gate and Iron Gate are both well worth a visit, boasting a selection of up-market clothing outlets together with a selection of cafés bars and public houses and Friar Gate for those who enjoy relaxing and indulging in stylish restaurants and bars. There are excellent transport links nearby with Derby's inner ring road providing access to the A52 and A38 which in turn link to the M1 and main motorway network. The major trunk roads provide easy access to Nottingham, Stoke On Trent, Burton On Trent and East Midland's International Airport. Please be advised that whilst our partner agent has conducted an inspection, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding. The vendor has informed us that there is a hairline crack on the outside of the property due to shrinkage of the render. A structural engineers report will be made available within the legal pack and buyers should rely on their own investigations in this respect.

Ground floor:

Communal Lobby with staircase to first floor and door to:

Large Kitchen and Communal Lounge and Dining Room:

9.25m x 4.27m fitted with a good range of appliances.

Second kitchen:

4.3m x 4.15m fitted kitchen with a range of appliances and a small dining area.

Bedroom one:

5.26m x 4.5m

Bedroom two:

4.14m x 3.4m

Bathroom:

White suite comprising, low flush W/C, wash hand basin, bath and shower

Shower room:

Low flush w.c, wash hand basin and shower

Disabled Cloakroom:

With disabled W/C and wash hand basin

Laundry room:

2.67m x 1.75m

First floor:

Landing

Bedroom three:

4.32m x 3.25m

Bedroom four:

4.32m x 3.25m

Bedroom five:

4.17m x 4.09m

Bedroom six:

4.19m x 3.73m

Bedroom seven:

4.27m x 4.06m

Bedroom eight:

4.22m x 4.04m

Bedroom nine:

4.22m x 3.05m

Bedroom ten:

4.19m x 3.2m

Shower room:

Comprising low flush w.c., wash hand basin and shower

Bedroom eleven:

4.04m x 3.96m

Bedroom twelve:

4.19m x 4.19m

Bedroom thirteen:

4.19m x 4.19m

Outside:

To the side and rear of the property there is off-road parking available.

Rental Information:

Room 1 - £450 Room 3 - £375 Room 4 - £385 Room 5 - £395 Room 6 - £375 Room 7 - £385 Room 8 - £375 Room 9 - £375 Room 10 - £385 Room 11 - £385 Room 12 - £385 Room 13 - £385 Room 14 - £375 Monthly Income - £5,030 Annual Income - £60,360

Tenure

Freehold

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