121 Mill Hill Lane, Derby DE23 6SB

***HIGH YIELDING FREEHOLD INVESTMENT**

Located close to the city centre is an imposing three storied residence divided into four flats, producing a combined monthly gross rental income of £1,690 pcm (£20,280 per annum), this representing an impressive 12% return based on the guide price - In our opinion there is scope for significant rental increases.

Flat 1 - £450 pcm
Flat 2 - £400 pcm
Flat 3 - £420 pcm
Flat 4 - £420 pcm

Internally the well equipped accommodation has the benefit of being uPVC double glazed and gas centrally heated and in brief comprises:- Entrance porch, communal entrance hall, two self contained flats (1&2). To the first floor landing there is a laundry room, wc, and self contained flat (3). Flat 4 is located to the second floor. Outside to the front there is small fore court and to the rear a yard used by flat 2.

The property occupies a popular and strong letting location, conveniently positioned for the Derbion Shopping Centre and nearby Normanton Road, shopping parade. Derby's inner ring provides swift access onto the Royal Derby Hospital and several retail parks.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will 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. A full definition can be found within the Buyers Terms.