Tenanted City Centre Investment – £781pcm (£9,372 per annum)
Description
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
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
£3,600 inc vat payable upon the fall of the virtual gavel
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- 2 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0115 777 8888 for more information
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