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£297,000

6 bedroom block of apartments for sale

Iron Gate, Derby DE1
Block of apartments
6 beds
6 baths
204
EPC rating: C
Added > 14 days

Key information

TenureLeasehold | 245 yrs left
Council taxAsk agent
BroadbandBasic 17Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Multi-Unit Property
  • Portfolio of 6 Flats
  • Utility Area
  • Good Condition
  • Allocated Parking
  • Easy Access to Local Amenities
  • Cash Offer Only

Our latest listing is a portfolio of 6 flats in Derby. They are currently generating steady, rewarding rental returns for the current landlord. For investors looking for a rewarding investment, this is a brilliant opportunity!

This multi-unit property consists of 6 bedrooms, lounge, kitchen and bathroom in good condition, including amenities like utility area and allocated parking space. It is situated in a city centre location with close proximity to local amenities and fantastic transport links throughout.

Investment Details

It currently produces an annual gross income of £50,136 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

Key Selling Advantage: Selling these six apartments to one investor would allow them to take over the management of the entire block. These units make up 50% of the block (12 apartments total), granting the investor the right-to-manage advantage.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.


Property information from this agent

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About this agent

Let Property - Glasgow
Let Property - Glasgow
Flat 2, 10 Victoria Circus Glasgow G12 9JY
0141 376 3809
Full profileProperty listings
Let Property was founded in 2021 as an innovative new solution to facilitate property sales between Landlords. It has grown to become the UK’s leading investment sales agency and now offers a full service to investors allowing them to access Management, Legal and Finance service through a single point of contact service. Let Property has grown to provide the best possible solution to a long standing issue where landlords have always struggled or been unable to sell a property with a sitting tenant. Let Property provides you with access to a powerful network of both buyers and sellers based on whether you are looking to sell your property with a sitting tenant or begin investing into lucrative properties across the UK. And it’s more of an advantage to the sellers to sell through Let Property because we have direct access to the best pre-vetted buyers allowing for a quicker sale and at a higher price. With thousands of landlords entering the market every single year, Let Property acts as the leading solution to assist those new or established investors on their property investment journey by providing specialist support from our team of well trained investment consultants. Our unique approach to investment property agency has worked and you can see the success that we have achieved for our clients by viewing the sold listings on our website.
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