1 bed Flat For Sale £55,000
The Old Vicarage, Swinburne Street, Derby, Derbyshire, DE1 2HL

This top floor flat is to be sold with a tenant in situ paying rent of £585.00pcm providing a fantastic return on investment of 7.2%. This is to be sold with no onward chain.

The flat consist of a kitchen, lounge/diner, bedroom and a bathroom. Whilst the property isn't the largest it does make good use of the space that it has.

The lounge/diner is to the right of the hallway and provides access to the kitchen overlooking the street. It spans the length of the flat providing a great space for relaxing or home working.

The kitchen is well equipped with integral fridge, freezer and freestanding washing machine. There is plenty of room for storage and great preparation space.

The sole bedroom covers the left hand side of the apartment with great space for a double bed and further furniture.

The bathroom sits in the center of the property and has a three piece suite comprising of a toilet, wash basin and a bath with shower over.

This really is an amazing investment opportunity with a fantastic return on your investment.

Term of lease is 125 years from 1st June 2008.

Ground Rent has always been £500 per year. However, it’s reviewed on each 15th anniversary of the lease term on an index linked basis. The next review is June 2038.

The Service Charge is £406.48 per quarter. The next annual cost review is due in January 2024.

Additional Information

Parking Arrangements: Secure gated parking

Water: Mains

Electric: Mains

Sewerage: Mains

Heating: Mains Gas

Building construction: Brick

Floor Risk: Very Low

Broadband: Standard, Superfast and Ultrafast available

Mobile Signal: o2, EE, Three and Vodafone available

Satellite and Cable TV Availability: BT, Sky and Virgin available

Tenure:

Leasehold. Vacant possession upon completion.

Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fee apply:

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

• Buyers Fee of £1,500 inc. VAT

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction 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.