Property Description

A high yielding residential investment opportunity, to acquire two well appointed one bedroomed self contained flats, currently let on assured shorthold tenancy agreements producing a combined rental income of £12,000 per annum. This represents an impressive 13.6% return based on the guide price. In our opinion there is scope for significant rental increase. Both flats are accessed from the rear with a staircase leading to a communal front entrance door located on the first floor. Flat 130a - Is arranged over the first floor and the uPVC double glazed living accommodation in brief comprises of lounge, fitted kitchen with built-in-appliances, bedroom and bathroom fitted with a three piece suite in white. Flat 130b - Is arranged over the first and second floors (attic) and the uPVC double glazed living accommodation in brief comprises of generous sized lounge, fitted kitchen with built-in-appliances, bathroom fitted with a three piece suite in white and to the second floor a large attic/bedroom. The property is situated within in literally yards of Derby train station, city centre, Pride Park and the Derbion Shopping Centre.

Council Tax Band

A and A

Building Construction

Solid brick, with internal insulation - Information taken from EPC.

Broadband (estimated speeds)

Standard 6 mbps, Superfast 32 mbps and Ultrafast 1000 mbps show as available in this location

Flood Risk

Surface Water - Low Risk.

Mobile Signal

EE, O2, Vodaphone and Three show as available in this location.

Satellite and Cable TV Availability

Sky, Virgin and BT show as available in this location.

Conservation Area

We have been made aware this property is in the Railway conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.

Please Note

The seller has advised that all furnishing contents are included in the sale. Prospective buyers are advised to read the legal documents.

Tenure

See Legal Pack

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