15 North Parade, Derby DE1 3AY

Property Details: • Type: Terraced • Tenure: N/A • Floor Area: N/A

Key Features: • Auction: 27.02.2025 09:00 • Council Tax Band: A • Character Grade II Listed town house divided into 7x letting units • Combined gross rental income of £42,240 per annum • Some units have scope for significant rental increase • Walking distance of Darley Park and Derby city centre • An impressive 14.3% return based on the guide price • Close proximity to Pride Park and the A52 • Superb high yielding freehold residential investment opportunity • EPC Rating: E

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 17 Regan Way Toton Nottingham NG9 6RZ

Full Description: For sale on 27 February 2025 Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction. The auction will commence at 09:00.***High yielding freehold residential investment opportunity***

Located close to the popular Darley Park and Derby city centre, is a fine Grade II Listed Georgian Town House arranged over four floors, divided into seven letting units, with a combined gross rental income of £42,240 per annum. This represents an impressive 14.3% return based on the guide price.

Constructed of a dressed stone to the front elevation with brick to the rear set beneath a pitched tiled roof, the mostly gas centrally heated living accommodation in brief comprises:-

Ground Floor: Communal entrance hall with stairs up and down. Flat 4 (front) having entrance lobby, living room/bedroom including kitchen area, and shower room. Flat 3 (rear) - The auctioneers have not inspected this flat but we believe it to comprise an entrance lobby, living room/bedroom with kitchen area and shower room.

Lower Ground Floor: Rear entrance hall; Flat 6 (front) having large living room/bedroom, inner lobby, separate kitchen and shower room. Flat 5 (rear) having living room /bedroom with kitchen area and shower room.

First Floor: With landing area. Flat 7 (front) having entrance lobby, kitchen with separate living room/bedroom and shower room. Flat 2 (rear) having living room/bedroom with separate kitchen and shower room. Flat 1 (split level) having bathroom and separate toilet located off from the first floor landing and stairs to the attic floor flat. With landing, large living room with kitchen area and a spacious separate bedroom.

The property enjoys a highly convenient location, positioned along this charming parade of character town houses, being well known locally. Also in close proximity to Pride Park and the A52 which provides swift access onto the M1 Motorway, Nottingham and further regional business centres.Ground Floor Entrance L-shaped 22ft x 16ft 6FLAT FOUR - FRONT Let on an Assured Shorthold Tenancy at £485 per calendar month (£5,820 per annum).Entrance Lobby 4ft x 5ft 3Living Room/Bedroom with kitchen area 14ft 2 x 11ft 2 into chimney recessShower Room 8ft 6 x 4ftFLAT THREE - REAR Let on an Assured Shorthold Tenancy at £485 per calendar month (£5,820 per annum). The auctioneers have not inspected the flat but believe it to comprise -Entrance LobbyLiving Room/Bedroom with kitchen areaShower RoomLower Ground FloorRear Entrance Hall L-shaped 11ft 8 x 11ft 2FLAT SIX - FRONT Let on an Assured Shorthold Tenancy at £485 per calendar month (£5,820 per annum).Large Living Room/Bedroom 13ft 8 x 11ft 4 maxInner Lobby 3ft 8 x 4ft 6Fitted Kitchen 6ft 5 x 4ft 5FLAT FIVE - REAR Let on an Assured Shorthold Tenancy at £425 per calendar month (£5,100 per annum).Living Room/Bedroom with kitchen area 13ft 8 x 11ft 4 maxRaised Inner Lobby 4ft 7 x 3ft 7Shower Room 5ft 1 x 6ft 1 5ft 1 x 6ft 1First Floor Landing with glazed dome 15ft 3 x 6ft 9FLAT SEVEN - FRONT Let on an Assured Shorthold Tenancy at £605 per calendar month (£7,260 per annum).Entrance Lobby 5ft 5 x 3ft 2Fitted Kitchen 8ft x 8ft 9Living Room/Bedroom 14ft 6 x 10ft 6Shower Room 5ft 5 x 5ft 6FLAT TWO - REAR Let on an Assured Shorthold Tenancy at £550 per calendar month (£6,600 per annum).Living Room/Bedroom 14ft x 10ft 6Fitted Kitchen 7ft 7 x 4ft 8Shower Room 4ft 8 x 4ftSeparate Wc 3ft 8 x 2ft 6FLAT ONE - SPLIT LEVEL INTO ATTIC ROOM Let on an Assured Shorthold Tenancy at £485 per calendar month (£5,820 per annum).Landing 9ft 10 x 5ftLarge Living Room with kitchen area 15ft 8 x 9ft 8 restricted heightLarge Bedroom 17ft 9 x 9ft 9 restricted heightSeparate Wc (off first floor landing) 3ft 8 x 2ft 6Shower Room 4ft 8 x 4ftOutside Garden to the rear.Conservation Area We have been made aware this property is in the Strutts Park conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.Flood Risk Rivers and Seas - No Risk. Surface Water - Very Low.Building Construction Sandstone or limestone, as built, no insulation (assumed) - Information taken from EPC.Broadband (estimated speeds) Standard 15 mbps, Superfast 287 mbps and Ultrafast 1000 mbps show as available in this locationMobile Signal EE, O2, Vodaphone and Three show as available in this location.Satellite and Cable TV Availability Sky and BT show as available in this location.Tenure: FreeholdEPC Rating: ETerms: Auction Details:

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

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 1.2% of the purchase price (subject to a minimum 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.