Draft Details Only- Awaiting Vendor Approval

Howe Street lies between Stanley Street and Slack Lane, in an area convenient for the City centre, the University and all facilities.

The property is let for the current academic year to 30^th June 2008, with an indication that the tenants wish to retain the property until June 2009 although a formal agreement has not yet been entered into.  However the indication is that the revised rent would be £9,072 per annum - £756 per calendar month.

The accommodation comprises the following -

Front Sitting Room

Living Room

Kitchen

With usual fitments.

First Floor -

Passaged Landing

Two Double Bedrooms

Bathroom/wc

Outside

Rear yard and garden.

Tenancy Details

The property is let on a student academic year agreement expiring 30^th June 2008 at a current reserved rent of £715 pcm - £8,580 per annum.  It is understood that the tenants have indicated a desire to retain the property through to 30^th June 2009 in which case the rent would rise to £756 pcm - £9,072 p.a. - but no formal agreement has been entered into at the time of preparing these details.

Directions

From the City centre leave along Friar Gate and at the second set of traffic lights turn left into Uttoxeter Old Road.  Continue to the brow of the hill turning right onto Slack Lane and Howe Street will be found after a  short distance on the right hand side.

Vendors Solicitors/Licensed Conveyancers

Tenure

Freehold. Subject to tenancy.

Conditions Of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers 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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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.

Note

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 of £195 (inc VAT) payable on the fall of the hammer.

For Sale by Auction: Wednesday 2nd April 2008

At Pride Park Stadium, Derby

Commencing at 11.30 am

www.grahampenny.com