68 Reeves Road, Derby DE23 8JE

***HIGH YIELDING FREEHOLD INVESTMENT OPPORTUNITY***

Occupying an established and strong letting location, is a rendered two bedroomed mid terrace property, currently let on a rolling agreement producing £650 per calendar month (£7,800pa), this representing an impressive 11.3% return based on the guide price - In our opinion there is scope to increase the rent subject to necessary improvements.

Internally the uPVC double glazed ang gas centrally heated living accommodation requires some improvement and modernisation and in brief comprises:- lounge, inner lobby, separate dining room and fitted kitchen. To the first floor landing there is a passaged landing with two well proportioned bedrooms and bathroom with three piece suite with shower over.

Outside to the side elevation there is a gated shared pedestrian access leading to an enclosed rear garden in need of attention.

The property is situated with an row of terrace property close to local shops and Derby's inner ring road that provides swift access onto several retail parks, city centre and the Royal Derby Hospital.

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.