2 bedroom apartment for sale

Auction Commencing on Tuesday 07th April at 1pm and ending 24 hours later on Wednesday 08th March from 1pm with Auction House Notts and Derby

Please register to bid via our website - auctionhouse.co.uk/nottsandderby

Tenanted City Centre Investment – £781pcm (£9,372 per annum)

A well-presented first floor two-bedroom apartment situated within a purpose-built development close to Derby City Centre, offered for sale by auction with tenant in situ.

The property is currently let at £781 per calendar month (£9,372 per annum), providing an immediate income-producing investment.

Accommodation (Approx. 533 sq.ft / 49.5 sq.m.)

Entrance hallway with storage
Living room – 13'10" x 11'4"
Fitted kitchen – 11'2" x 8'2"
Two bedrooms
Bathroom with three-piece suite

Externally, the development benefits from communal areas and courtyard parking.

Tenure

Leasehold.

The property is held on a 99-year lease dated 26 November 1990 (approximately 63 years unexpired).

Ground Rent: £100 per annum

The lease provides for the tenant to contribute a one sixth share of the expenditure relating to the common parts and maintenance of the building, together with standard service charge and repairing obligations (as detailed within the registered lease)

Buyers are advised to refer to the legal pack for full lease terms.

Location

Markeaton Street is positioned within walking distance of:
Derby City Centre
University of Derby (Britannia Mill Campus)
Derby Royal Hospital
Shops, amenities and transport links
The area remains popular with professionals and students, supporting strong rental demand.

Investment Summary

Current rent: £781 PCM
Annual income: £9,372
Leasehold – 99 years from 1990
Ground rent: £100 per annum
1/6th service charge contribution
Two bedrooms
Central Derby location
Established residential block

Tenure: Leasehold

EPC Rating: C

Administration Fee: £3600 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.