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Description

£215,000PCM St. Giles Road, Derby, DE23

LANDLORDS REQUIRED!! EXCELLENT RESIDENTIAL INVESTMENT PROPERTY 5 FLATS PRODUCING £18,600 PER ANNUM. Generate a significant rental income of approximately £18,600 per annum. EXCELLENT OCCUPANCY RATE

LANDLORDS REQUIRED!! 

EXCELLENT RESIDENTIAL INVESTMENT PROPERTY
5  FLATS PRODUCING £18,600 PER ANNUM.  generate a significant rental income of approximately £18,600 per annum.
EXCELLENT OCCUPANCY RATE 

Rarely does an opportunity present itself to acquire a traditional terraced house, divided into two flats, plus accommodation over vehicular archway, and the conversion of a  two storied former outbuilding within the yard to form two further flats. The units are mainly one bedroomed, and are all let. 

Situated in a convenient location close to ever popular Normanton.

 Located in a vibrant Normanton area offering an excellent range of shops and leisure facilities, good access to To local station which offering a regular service. EXCELLENT INVESTMENT OPPORTUNITY. 

Full description:

The property comprises a traditional terraced house, divided into two flats, plus accommodation over vehicular archway, and the conversion of a two storied former outbuilding within the yard to form two further flats. The units are mainly one bedroomed, and currently all on rent.

 A full annual income of £18,600.  Potential to increase subject to current tenancies.   

In more detail they comprise - 

Flat One 
Having Entrance Hall, Bed-Sitting Room, Separate Kitchen and Bathroom.

Flat Two
Having Living Room, Separate Bedroom, Kitchen and Bathroom.

Flat Three 
Having Large Bed-Sitting Room, Separate Kitchen, Bathroom.

Ground Floor Flat
Having Entrance Hall, Living Room, Separate Bedroom, Kitchen and Bathroom.

First Floor Flat
Having Living Room, Separate Bedroom, Kitchen and Bathroom.

Externally
Walled forecourt with Gated vehicular access to enclosed surfaced yard, and access to flats one, two and three. 

Tenancy Details
Flat One (54) is let at £280 per month. 
Flat Two(54) is let at £320 per month. 
Flat Three (54) is let at £300 per month. 
Ground Floor one (56) is let at £320 per month. 
First Floor (56) is let at £330 per month. 

Combined Total Income (£18,600 per annum).
Potential to increase subject to current tenancies.
 


Features

EPC

No EPC chart found

Map

For sale

Property type: Terraced House
Bedroom(s): 5
Bathroom(s): 5
Receptions: 5
Garden: Yes
Sqm: 0.00
Pets: N/A

Book viewing

Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.