Draft Details Only- Awaiting Vendor Approval

Five Lamps Court is located within half a mile of the City centre and is approached off Kedleston Street.  A secure door entry system encloses the main entrance foyer and flat 8 is situated on the first floor.

The accommodation briefly comprises an entrance lobby, living room, bedroom, kitchen and shower room, and is let on an assured shorthold agreement, the tenant having been in occupation for  several years although the agreement has been kept current.  The opportunity presents itself to acquire a good low cost investment property with the prospect of continuous occupation, the tenant having expressed the wish that he be permitted to remain at the flat.

In more detail the accommodation is as follows -

Communal Entrance Lobby, Stairs and Landing

Flat 8 has -

Entrance Lobby

With store cupboard off.

Living Room

With electric storage heater.

Bedroom

Shower Room

With wash hand basin and wc.

Kitchen

With stainless steel sink, work surface, base and wall cupboard units, with appliance space.

The property is let on a part furnished basis, and the landlords furnishing contents will remain with the sale.

Directions

From Queen Street turn left into King Street crossing over St. Alkmunds Way (Inner ringroad) and thereafter enter the one way system towards Five Lamps.  Take the second turning on the left into Kedleston Street and at the right hand bend continue straight ahead where the entrance to the flats will be found on the right hand side.

Tenancy Details

The property is let on a current six month assured shorthold agreement to Mr S. Howitt at a calendar monthly rental of £300 (£3,600 per annum equivalent).

Vendors Solicitors/Licensed Conveyancers

Parker March, 22 Low Street, Sherburn in Elmet LS25 6BA

Tenure

Leasehold. 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 12.30 pm.  Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold or withdrawn.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 £145 (inc VAT) payable on the fall of the hammer.

For Sale by Auction: Thursday 18th October 2007

At Pride Park Stadium, Derby

Commencing at 12.30pm

www.grahampenny.com