This property is no longer on the market
Mixed use
Property description & features
- Fully let 7 bed household / 8 person HMO
- Annual current rental income of £33,517 per annum exclusive representing a gross yield of 10.3%.
- Located on the edge of Derby City Centre
- Good public transport links and local amenities
- Offers in excess of £325,000
The property benefits from shared kitchen facilities and two bathrooms and is situated within an area where there is good tenant demand for accommodation of this type.
Location
The property is very well located on Burton Road approximately 1/2 mile from Derby City Centre. It stands on a road which is well served by public transport and close to a good range of local amenities including shops and service providers, with Derby City Centre within walking distance.
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: Entrance hallway, room 1 (4.7. x 4.2m), room 2 (4.2m x 4.5m) with en-suite shower and WC, shared kitchen (3.9m x 6.1m) .
First Floor: Landing, shared shower room and WC, room 3 (4.2m x 4.4m), room 4 (4.6m x 4.2m), room 5 (4.6m x 4.2m), bathroom and WC.
Second Floor: Room 6 (4.8m x 3.3m), room 7 (6.6m x 3.3m plus bay).
Externally the property benefits from a yard area to the rear and a large basement opening onto the yard.
Planning
We understand the property has full planning consent for its existing use and a licence for HMO occupation (M089166) from 19th May 2020 to 19th May 2025.
Services
All main services are connected to the property.
Rates
The property falls within council tax band D.
Legal Costs
Each part is to be responsible for their own legal costs and other professional costs incurred in the transaction.
VAT
We understand VAT is not applicable on the sale of the building.
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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Broadband availability and predicted speed
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