Studio flat in Derby

115 Norman House, Friar Gate , Derby, Derbyshire DE1 1NU
  • Lot No: 101
  • Property Type: Studio flat
  • Contract Type: Unconditional with Variable Fee

Guide Price* £65,000+ plus fees

Result Sold Prior to Auction

Property Description

DRAFT DETAILS A first floor apartment in city centre location. A well presented first floor apartment located in a sought after location within derby City Centre. The apartment is offered let on an assured shorthold tenancy. Well placed for a wide range of shops, bars and restaurants and having excellent public transport links. The property also benefits from secure, allocated parking space. Ground Rent £250 per annum Service charge currently £566.20 per annum An ideal buy to let opportunity and excellent addition to any rental portfolio. According to the AST, the rental income is £520 pcm.

Communal Reception

With secure entry door and both stairs and lift.


Open Plan Lounge / Kitchen / Bedroom 6.63m x 4.75m max

An open plan room with modern fitted kitchen, having a range of units, sink, work surfaces, built in oven, hob and extractor and integrated fridge and washing machine. Lounge area with window.


Shower Room

With modern 3 piece suite comprising low flush w.c. wash hand basin and shower cubicle.


Parking

The property has the fantastic addition of a secure, allocated parking space. A great addition in the city centre.


Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.


Tenure

Leasehold

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 Variable Fee (England and Wales). 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 auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s 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.

Auction Details

Date 23rd February 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

115 Norman House, Friar Gate , Derby, Derbyshire DE1 1NU