Flats 1 & 2, 23 York Street, Derby DE1 1FZ

***HIGH YIELDING FREEHOLD RESIDENTIAL INVESTMENT***

Located just off the popular and fashionable Friar Gate area, close to the city centre and Derby University Campus, is a former public house, converted into two very well-equipped self contained apartments, when fully let producing a combined gross rental income of £39,600pa when fully let, this representing an impressive 14.4% return based on the guide price.

Internally the uPVC double glazed and gas centrally heated accommodation in brief comprises:- Ground floor communal entrance hall providing access to both flats. The ground floor flats has a large L-shaped open plan living kitchen dining, four well proportioned bedrooms and two fitted shower rooms. To the first floor galleried style landing leads to three double bedrooms, fitted dining kitchen with built-in-appliances and shower room. Outside to the rear there is an enclosed low maintenance garden.

Please note: The tenancy agreements are all held on individual agreements per room on assured shorthold tenancy agreements.

The property is situated within a quiet and established residential location, always a popular choice with landlords, investors and home owner occupiers.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.2% inc. VAT of the purchase price (subject to a minimum of £1,500 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.