This property is no longer on the market
Mixed use
Property description & features
- Fully let 9 bed household / 12 person HMO - all rooms en-suite
- Great location close to Derby City Centre
- Well served by public transport facilities and good local amenities.
- Rent £47,800 per annum fully let representing a gross yield of 9.25%
- Offers in excess of £520,000
The property has been converted into a fully licenced 9 bed household / 12 person HMO with the main building comprising 7 bedrooms and with the rear lower level having two larger studio spaces.
Additionally, the property benefits from parking to rear for the two studios.
Location
The property is situated on the busy Burton Road approximately 1/2 mile from Derby City Centre. Surrounding properties are of similar type and age and there are a reasonable range of local amenities and facilities as well as good public transport links.
Derby is a major commercial centre within the East Midlands region, situated approximately eight miles to the west of junction 25 of the M1 motorway and 40 miles north east of the city of Birmingham. The city has a resident population of approximately 250,000 and traditionally draws upon a stable industrial employment base, having longstanding historical connections with the railway industry and Rolls-Royce Engineering.
Accommodation
In more detail the accommodation comprises:
Ground Floor: Hall, room one (3.2m x4m plus bay) plus en-suite bathroom and WC, room two (2.6m x 4.5m) plus en-suite bathroom and WC, room three (3.5, x 4.5m) plus en-suite bathroom and WC, room four (3.5m x 5.6m) plus en-suite bathroom and WC.
First Floor: Room five (3.7m x 4.1m) plus en-suite bathroom and WC, room six (3.7m x 4.5m) plus en-suite and WC, room seven (4.2m x 2.8m) plus en-suite bathroom and WC, shared kitchen (4.2m x 2.8m), utility (1.5m x 2.6m). There are further stairs up to the roof void which are unused.
There is separate access to the lower ground floor: Room eight (9.2m x4.4m) with en-suite bathroom and WC, room nine (9.1m x 3.7m) plus en-suite bathroom and WC. The latter two rooms have a shared kitchen (2.8m x 1.9m).
Planning
We understand the property has full planning consent for its existing use and a licence of house in multiple occupation (reference: M100823) from 22nd August 2023 to 21st July 2028.
Services
We understand all mains services are connected to the property.
Rates
The property falls within council tax band E.
Legal Costs
Each party is to be responsible for their own legal costs and other professional costs incurred in the transaction.
VAT
VAT is not applicable on the sale of the property.
All prices quoted are exclusive of VAT.
Viewing
Viewings are to be arranged be via sole selling agents BB&J Commercial.
Property information from this agent
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