An imposing and spacious Bovis built town house offering three bedroomed accommodation, one with en-suite shower room, but with a separate dining room, currently used as a student letting room - hence four occupancies but with potential to increase by converting the first floor sitting room into one or more letting rooms.

The current annualised rent on the tenancy to 20^th June 2008 produces a reserved income of £13,832.  Exploiting the potential to add two further occupancies would increase that yield to £20,696.

Gas centrally heated and uPVC double glazed throughout, there are six years remaining on the NSBC warranty and the property is furnished to a high specification (equipped in June 2004).

Briefly the accommodation comprises an entrance hall, cloaks/wc, large dining kitchen, dining room (used as letting room), spacious first floor lounge with feature fireplace, bedroom, two second floor bedrooms one with en-suite shower facility, and principal bathroom.  The gardens are well laid out and have been professionally landscaped.

In essence this is a superb investment property with potential for increased yield. 

In more detail the accommodation is as follows -

Entrance Hall

With understair storage area, Cloaks/WC off with wash hand basin.

Dining Room/Letting Room

Large Living Kitchen

With an extensive range of units that include appliances (fridge freezer, dishwasher, washer dryer, microwave, stainless steel range cooker).

At First Floor Level -

Landing

Large Sitting Room

With feature fireplace and surround.

Bedroom

With Hammonds fitted wardrobes.

At Second Floor -

Main Bedroom

With En-Suite Shower Room/wc, fitted wardrobes.

Principal Bathroom

With three piece suite of fittings and shower over bath.

Bedroom

With storage cupboard and built in wardrobes.

Outside

Paved forecourt with shrub area.  Professionally landscaped rear garden laid out for ease of maintenance and containing a variety of attractive shrubs.

Garage and Two Further Parking Spaces.

Further Features Include -

Smoke detectors on each floor, bike storage, personal internet access, professionally fitted burglar alarm.

Tenancy Details

The property is let on an assured shorthold agreement to 20^th June 2008, at an annual equivalent rent of £13,832 (4 students).

Tenure

Freehold. Subject to tenancy.

Vendors Licensed Conveyancers

John M. Lewis & Co, 92 St. Peter's Street, Derby - telephone 01332-292204

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

Telephone and Proxy bidding facility available

www.grahampenny.com