ONE BEDROOM APARTMENT - IDEAL FOR THE INVESTOR

Enjoying a prominent City centre position with the benefit of low cost night storage heating and double glazing and having existing tenants on an Assured Shorthold Tenancy paying a healthy rental of £550 per calendar month. Producing a potential yield of 7%.

General Information

Enjoying a prominent City centre position this one bedroom fourth floor apartment being offered for sale with the benefit of low cost night storage heating and double glazing and having existing tenants on an Assured Shorthold Tenancy paying a healthy rental of £5,940 PA with a monthly rental currently passing at £495

The apartment currently offers, entrance hall with built in airing/utility cupboard with plumbing for automatic washing machine, bathroom being fully equipped, genuine double bedroom with patio door providing access to a delightful balcony, living kitchen also with balcony access via a patio door and fully comprehensively equipped fitted kitchen with integrated appliances.

The sale provides a good opportunity for an investor to acquire a superb property in a prominent location.

Location

The property is centrally positioned closed to the heart of Derby City centre, within minutes walk of the noted intu shopping centre with its major retail outlets and state of the art cinema. Sadler Gate and Iron Gate are both well worth a visit, boasting a selection of up-market clothing outlets together with a selection of caf?s bars and public houses and Friar Gate for those who enjoy relaxing and indulging in stylish restaurants and bars.

A good range of leisure facilities within easy access on Queen Street, Darley Park and Markeaton Park with its small golf course, cricket grounds and tennis courts is ideal for those with sporting interests.

There are excellent transport links nearby with Derby's inner ring road providing access to the A52 and A38 which in turn link to the M1 and main motorway network.

Accommodation

Entrance Hall - Having low cost night storage heater, built in airing/utility cupboard with immersion heater providing domestic hot water and plumbing for automatic washing machine.

Living Kitchen - 4.6m x 4.25m (15'1" x 13'11") -

Kitchen Area - 1 1/2 bowl inset sink unit with mixer tap over, base cupboard under, a range of base and drawer units with work surfaces over, complementary up-stand, wall mounted cupboards, integrated fridge/freezer and dishwasher, inset halogen hob with extractor hood over and double oven and grill in matching housing unit.

Living Area - Having low cost night storage heater, decorative spotlighting to ceiling and French doors with glazed side screens providing access to balcony.

Genuine Double Bedroom - 3.37m x 3.24m (11'1" x 10'8") - Low cost night storage heater and French doors providing access to balcony.

Bathroom - Fully tiled comprising low level w.c., pedestal wash hand basin, panel bath with shower over, heated chrome towel rail/radiator and electric shaver point.

Tenure - This property is Leasehold. Fees payable are: Service charge £85 per calendar month and Ground rent £150 per annum.

Council Tax Band - The rating authority for this property is Derby City Council - Tax Band A.

Directional Note -

From our Derby office proceed along St Jame's' Street to the junction of Victoria Street and take a turning left and first right into Green Lane. After approximately 200 yards turn left into Gower Street and the property is situated on the junction of Gower Street and Babington Lane.

Leasehold Information:

109 Years remaining on the lease

annual ground rent £150 approx

annual service charge £1620 approx