7 Leopold Street, Derby, Derbyshire DE1 2HE

A fantastic opportunity to acquire this large extended linked detached property situated on the outskirts of Derby city centre

Guide Price: £275,000 - £285,000

Description:

A fantastic opportunity to acquire this large extended linked detached property situated on the outskirts of Derby city centre. The property comprises of thirteen bedsits, a large sitting room and separate dining room together with a double glazed conservatory, kitchen and utility. Five of the bedsits are currently occupied by tenants who pay via a rent book. The property also has three bathrooms, an office, a large cellar as well as an internal lift leading from the ground floor to the first floor. To the front of the property can be found a driveway leading to off road parking. There is currently no HMO licence on this property. Room one is currently let at £360pcm Room eight is currently let at £80pw Room ten with W/C is currently let at £90pw Room eleven with W/C is currently let at £90pw Room fourteen with W/C is currently let at £50pw

Accommodation

Ground Floor: Lounge, dining room, kitchen, laundry room, seven bedsits, conservatory, bathroom W/C, office, shower room W/C, lift, cellar area. First Floor: Large landing, six bedsits, lift, bathroom W/C. Exterior: Rear enclosed garden and driveway to the front.

Tenure

Freehold

EPC Rating

D with a total floor area of 6034.2 sq ft / 560.6 sq m.

Conditions of Sale

The Conditions of Sale will be deposited at the offices of the auctioneers, Bagshaws Residential, and vendors solicitors seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers, Bagshaws Residential, before the sale that the property is neither sold nor withdrawn. The purchaser will also be deemed to have read and understood the auction conduct notes and Important Notice printed within the sale catalogue.

Health & Safety Advice for Property Viewers

Whilst Bagshaws Residential make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of the properties in our auction and cannot therefore guarantee the safety and security of viewers   Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds, outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewer’s risk

*Guide and Reserve Prices

Important Notice
The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price. 

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.

Note

Prospective purchasers will need to register within the auction room before the sale commences.  Two items of identity will be required together with an indication of how a contractual deposit will be paid.  We do not take cash or credit card deposits.  The sale of each lot is subject to a contract documentation charge of £1200 (including VAT) payable on the fall of the hammer.  If you are unable to attend the auction for any reason you can still bid on the property either by telephone or proxy bid, please contact the auctioneers for further information. Guidance notes are set out in the catalogue in relation to auction property, particularly from a purchasing perspective.