43 Wardwick, Derby, DE1 1HJ
£320,000+
Residential
1
8
7
Key Features
- An opportunity to acquire a substantial three storey 8-bedroom HMO
- Located in the heart of Derby City Centre
- Part let (7 out of 8 rooms) and producing a rent of £44,900 pa
Part of the
20 February 2025
auction
Trent Bridge Cricket Ground
at
2.30PM
An opportunity to acquire a substantial three storey 8-bedroom HMO located in the heart of Derby City Centre. Part let (6 out of 8 rooms) and producing a rent of £39,200 pa
- Located in the heart of Derby City Centre
- Walking distance to a wide variety of shops, restaurants & bars
- Less than 1 mile from Derby Train Station
- A 5 minute drive from A52, A38 A61 & A601
- Close to Derbion Shopping Centre & Derby Council Hall
- Excellent transport links with bus stop adjacent to the property
- Only 1.5 miles from Pride Park amenities
- GF: Entrance hallway, bike store & storage area
- FF: Large open plan communal living & kitchen room, 2 x double bedroom with en-suite, communal W/C & shower & boiler room
- SF: 2 x Double bedroom, 1 x double bedroom with en-suite & communal bathroom
- TF: 2 x Double bedroom, 1 x double bedroom with en-suite & communal bathroom
- Scope to add an additional 2 rooms (STP)
- ERV when fully let £53,000 pa
- An ideal opportunity for investors and developers
Contact Auction Estates on 0115 7844 600
Fees
A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Freehold subject to the existing tenancies (7 out of 8 room let) producing a rent of £44,900 pa. (refer to legal pack)
Refer to Legal Pack