Draft Details Only- Awaiting Vendor Approval

Situated within walking distance of Allenton neighbourhood centre, and on a public transport route, with ease of access into and out of the City centre, a bay windowed semi detached house which has been re-roofed and double glazed, and is divided into two one bedroomed self contained flats.

The ground floor flat has the benefit of gas central heating whilst the first floor flat has electric storage heaters.

Both flats are occupied on assured shorthold tenancies and the current combined income is £606.66 per calendar month (£7,287 per annum).  The property represents an excellent investment, particularly with some potential to increase the rental yield.

In more detail the accommodation is as follows -

Ground Floor -

Entrance Hall

With access to ground floor flat.

FLAT ONE

With sitting room, kitchen, bedroom, bathroom/wc.

First Floor -

FLAT TWO

Having bedroom, kitchen, sitting room, bathroom/wc.

Outside

Walled forecourt, side footpath and rear garden.

Tenancy Details

Both flats are let on assured shorthold tenancies at a combined reserved rent of £606.66 pcm (£7,287 per annum), which is about £70 per week and it is considered that there is potential for increase in rental yield. 

Directions

From the City centre leave via the Osmaston Road, continue for about a mile before the property will be found on the right hand side just after Nightingale Road.

Vendors Solicitors/Licensed Conveyancers

Qube Legal, 563a Stratford Road, Sparkhill, Birmingham

Tenure

Freehold. Subject to tenancies.

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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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: Thursday 22nd May 2008

At Pride Park Stadium, Derby

Commecning at 11.30 am

www.grahampenny.com