Next auction Thursday 20th February 2.30PM

Sadler Gate Bridge, 1-2 Sadler Gate, Derby, DE1 3NL



Lot No.
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Guide price

£450,000+


Property Type

Investment

Bedrooms

6


Key Features

  • Fully let investment of 6 student studios and office
  • Total current rent reserved of £65,115 per annum
  • A high yielding investment opportunity

Part of the 20 February 2025 auction
Trent Bridge Cricket Ground at 2.30PM

A freehold student and office investment fully let with a current rent reserved of £65,115 per annum in the heart of Derby City Centre.

  • Fully let and income producing investment property
  • Prominent position on Sadler Gate in Derby City Centre
  • Extensively renovated in 2020
  • Rental increase of 18% over the last 3 years
  • 6 studio flats producing £52,515 per annum
  • Office unit let to Social Moody Ltd for £12,600 pa
  • Total current rent reserved of £65,115 per annum
  • A high yielding investment opportunity

Contact Auction Estates on (0115) 7844600

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Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.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 (refer to Legal Pack). 6 student studio flats let and producing £52,515 pa Office at ground floor let to Social Moody Ltd on a 3 year terms from July 2024 at £12,600 pa

Refer to Legal Pack

Email: s.hale@ellis-fermor.co.uk
Telephone: 0115 922 1591

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