Draft Details Only- Awaiting VendorApproval

Mount Carmel Street is a cul-de-sac of Victorian character properties situated off St. Chads Road.  The house has been divided into two self-contained flats but retains much of its inherent character and space.

In more detail the accommodation is as follows -

Flat One

Having Sitting Room, Kitchen, Double Bedroom, Shower Room/wc.

First Floor -

Flat Two

Having Sitting Room, Kitchen, Double Bedroom, Shower Room/wc.

Outside

Small gardens to front and rear.

Tenancy Details

Both flats are currently let on assured shorthold agreements, each at £325 per calendar month (£7,800 per  annum equivalent).  It is considered that there is some potential for increase in rent raising the total yield to approximately £8,500.

Directions

From the City centre take the Burton Road crossing the Abbey Street junction and thereafter taking the first turning on the left into Breedon Hill Road.  Immediately turn left again into Empress Road and proceed to the T-junction with St. Chads Road.  turn left and Mount Carmel Street is the first turn on the left hand side.

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 Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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 16^th October 2008

At Pride Park Stadium, Derby

Commencing at 11.30 am

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