21 & 21A Victory Road, Derby DE24 8EJ

***VERY ATTRACTIVELY PRICED FREEHOLD INVESTMENT***

An excellent Buy To Let residential investment opportunity to acquire a double fronted semi detached property, converted into 2x self contained one bedroomed flats producing a combined rental income of £9,880 per annum, conveniently positioned for Rolls Royce and Derby's inner ring road.

In our opinion there is significant scope to increase the rental incomes to £625pcm after some improvements have been made, this potentially producing a combined income of £15,000 per annum.

The GF Flat is let at £100 per week and in brief the well maintained uPVC double glazed and gas centrally heated living accommodation comprises:- fitted breakfast kitchen with built-in-appliances, inner lobby, lounge, double bedroom and a spacious shower room.

The FF Flat is let at £90 per week and requires some upgrading. In brief the uPVC double glazed and gas centrally heated living accommodation comprises:- Ground floor entrance with stairs, first floor landing, lounge, fitted breakfast kitchen, double bedroom and shower room with adjoining WC.

Outside the property is set well back from the road behind a neat privet hedge with a larger than average frontage with ample parking and a large quality built brick and block garage with with twin double doors and pitched roof. To the front and rear of the property are well kept gardens.

Note to Buyers:

The Property is sold subject to the existing tenants. We understand that there are no tenancy agreements in place, just private agreements between the seller and the two tenants - please see Special Condition 18. We cannot therefore confirm the rental figures referred to in our marketing.

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:

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

• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.