Exciting Investment Opportunity
Eight Flats
Two, Three-Storey Villas
Modern Interiors
Gross Annual Income circa. £60,000
Close to City Centre & Royal Derby Hospital
Potential for Rental Growth
GCH & Double Glazing
Parking to the Rear
EPCs B & C, Council Tax Bandings A & tbc
The two properties Killiney, being 114 Uttoxeter New Road, a three-storey end-terraced Villa, with the adjoining property known as Glen Moy, being 116 Uttoxeter New Road, a three-storey mid-terraced Villa. Within each of these properties are three, one-bedroomed flats one each floor, served off a communal entrance vestibule and hall, together with a basement cellar to both, and all having either gas or electric central heating, and double glazing. To the rear of the properties there are two, two-storey maisonettes, both with gas central heating, double glazing, and security alarm, and both comprising; entrance hall with study area, modern living dining kitchen, and to the first floor a double bedroom, and either shower room or bathroom. To the front is a deep garden area laid mainly to gravel, with side vehicular access to the rear, with small garden areas, three car standing spaces, and bin/bike store.
The properties were converted into flats in 2010, to an extremely high specification, and have been maintained to the same standard over the interim years, with early internal inspection highly recommended.
The properties currently produce an income in the region of £60,000 (sixty thousand pounds) per annum. However, a number of the monthly rentals are historically low, and there is scope for rental increase. The flats are all let exclusive, with the tenants responsible for council tax, gas, electric, and water. We understand that all flats are separately metered, and during the recent refurbishment, additional specifications included insulated walls, and acoustic insulation.
These impressive Villa-style residences are within easy walking distance of Derby city centre and amenities, with the additional benefit of being on a regular bus route providing services to the Royal Derby Hospital. Ease of access is afforded to the ring road system, and onto the A38, A50, and A52 for commuting further afield.
When leaving Derby city centre by vehicle, proceed along Uttoxeter New Road, and after passing Great Northern Road turning, the properties can be found on the righthand side.
Strictly by prior appointment with the Sole Agents, Gadsby Nichols. REF: R13447/R13448.
Having the benefit of double glazing, and either gas or electric central heating, the detailed accommodation comprises: -
Having main entrance door, leading to the: -
Having stairs to the first floor, and door to basement cellar.
Having private front door, central heating radiator, and intercom phone.
Measurements are 'maximum into bay'.
Having UPVC double glazed bay window to the front, modern fitments to the kitchen incorporating; two single base units, drawers, and four single wall units, together with electric hob unit with stainless steel-and-glass canopy over incorporating extractor hood and light, integrated electric oven, work surface areas with tiled splashbacks, stainless steel sink unit with single drainer, central heating radiator, and wall-mounted gas-fired Ideal gas-fired combination boiler providing domestic hot water and central heating.
Having central heating radiator, and UPVC double glazed double French doors to Juliet-style balcony.
Having modern white sanitary ware comprising; low-level WC, pedestal wash hand basin, and wide shower cubicle with shower unit, together with heated chrome towel rail, and UPVC double glazed window.
Having stairs to the second floor.
Having front door, electric wall-mounted panel heater, and intercom phone to the ground floor entrance.
Having three UPVC double glazed windows to the front, laminate flooring, two electric wall-mounted panel heaters, built-in airing cupboard housing the hot water cylinder, and fitments to the kitchen area incorporating; two single base units, drawers, and three single wall units, together with integrated electric hob with stainless steel-and-glass canopy over incorporating extractor hood and light, and integrated oven.
Having UPVC double glazed window, and electric wall-mounted panel heater.
Having modern white sanitary ware comprising; low-level WC, pedestal was hand basin, and panelled bath with shower over, together with part-tiled walls, UPVC double glazed window, and heated electric towel rail.
Having Velux double glazed rooflight.
Having intercom phone to the ground floor entrance, and electric wall-mounted panel heater.
Having two UPVC double glazed windows to the front, UPVC double glazed window to the side, electric wall-mounted panel heater, laminate flooring, and kitchen fitments comprising; three single base units, and three single wall units, together with stainless steel sink unit with single drainer, integrated electric hob with stainless steel-and-glass canopy over incorporating extractor hood and light, and electric oven.
Measurements are 'maximum into eaves'.
Having UPVC double glazed window, electric wall-mounted panel heater, and built-in airing cupboard housing a hot water cylinder.
Having modern white sanitary ware comprising; low-level WC, pedestal wash hand basin, and corner quadrant shower cubicle with shower unit, together with Velux double glazed rooflight, part-tiled walls, and heated towel rail.
Providing access to the: -
Having stairs to the first floor, Minton tiled floor, and door to basement cellar.
Having front door, and central heating radiator.
Measurements are 'maximum into bay'.
Having UPVC double glazed bay window to the front, laminate flooring, central heating radiator, and kitchen fitments comprising; two single base units, drawers, and four single wall units, together with integrated electric hob with stainless steel-and-glass canopy over incorporating extractor hood and light, integrated electric oven, stainless steel sink unit with single drainer, and wall-mounted Ideal gas-fired combination boiler providing domestic hot water and central heating.
Having central heating radiator, and UPVC double glazed double French doors to Juliet-style balcony to the rear.
Having white sanitary ware comprising; low-level WC, pedestal wash hand basin, and shower cubicle with shower unit, together with part-tiled walls, ceiling extractor fan and heated towel rail.
Having stairs to the second floor.
Having front door, electric panel heater, and intercom to the main entrance door.
Having three UPVC double glazed windows, laminate flooring, two electric heaters, and kitchen fitments comprising; two single base units, drawers, and four single wall units, together with integrated electric hob with stainless steel-and-glass canopy over incorporating extractor hood and light, integrated electric oven, stainless steel sink unit with single drainer, and understairs store.
Having UPVC double glazed window, and electric wall-mounted panel heater.
Having white sanitary ware comprising; panelled bath with shower over, pedestal wash hand basin, and low-level WC, together with part-tiled walls, ceiling extractor fan, and heated towel rail.
Having intercom phone to the ground floor entrance, and electric wall-mounted panel heater.
Having two UPVC double glazed windows to the front, UPVC double glazed window to the side, electric wall-mounted panel heater, laminate flooring, and kitchen fitments comprising; three single base units, and three single wall units, together with stainless steel sink unit with single drainer, integrated electric hob with stainless steel-and-glass canopy over incorporating extractor hood and light, and electric oven.
Measurements are 'maximum into eaves'.
Having two UPVC double glazed windows, electric wall-mounted panel heater, and built-in airing cupboard housing a hot water cylinder.
Having modern white sanitary ware comprising; low-level WC, pedestal wash hand basin, and corner quadrant shower cubicle with shower unit, together with Velux double glazed rooflight, part-tiled walls, and heated towel rail.
Having the benefit of gas central heating, and UPVC double glazing, the detailed accommodation comprises: -
Providing access to numbers 32 and 34, having entrance door.
Wide entrance hall, having study area, UPVC double glazed window, plumbing for automatic washing machine, and utility cupboard housing the wall-mounted Baxi gas-fired combination boiler providing domestic hot water and central heating.
Having two UPVC double glazed windows, laminate floor, central heating radiator, stairs to the first floor, and kitchen fitments comprising; two single base units, drawers, and one single wall unit, together with stainless steel sink unit with single drainer, integrated electric hob with stainless steel-and-glass canopy over incorporating extractor hood and light, and integrated electric oven.
Having central heating radiator, and light tunnel.
Having UPVC double glazed window, two central heating radiators, and built-in cupboard.
Having modern white sanitary ware comprising; low-level WC, pedestal wash hand basin, and paneled bath with shower over, together with two UPVC double glazed windows, part-tiled walls, and heated towel rail.
Having the benefit UPVC double glazing, and gas central heating, the detailed accommodation comprises: -
Having study area, UPVC double glazed window, plumbing for automatic washing machine, and utility cupboard housing the wall-mounted gas-fired combination boiler providing domestic hot water and central heating.
Having laminate flooring, central heating radiator, stairs to the first floor, and kitchen fitments comprising; two single base units, drawers, and one single wall unit, together with integrated hob and over with extractor hood and light, stainless steel sink unit with single drainer, and UPVC double glazed window.
Having central heating radiator.
Having UPVC double glazed window, built-in cupboard, and central heating radiator.
Having white sanitary ware comprising; low-level WC, pedestal wash hand basin, and panelled bath with shower over, together with two UPVC double glazed windows, heated towel rail, and part-tiled walls.
The front of numbers 114 and 116 Uttoxeter New Road is mainly laid to gravel and paving, for easy maintenance, together with two ornamental fruit trees, set behind low brick walling.
Vehicular access to the rear is available from the side, from Sudbury Street, which leads to three parking spaces, brick bin/bike store, and two small garden areas.
The properties are being offered freehold, subject to the existing tenancies.
The flat are let on an excusive basis, with all tenants being responsible for payments for council tax, utilities, contents insurance, and broadband. The landlord is responsible for buildings insurance.
The current rental levels are: -
Flat One - 114 Uttoxeter New Road - £700 pcm
Flat Two- 114 Uttoxeter New Road - £625 pcm
Flat Three - 114 Uttoxeter New Road - £650 pcm
Flat One - 116 Uttoxeter New Road - £595 pcm
Flat Two- 116 Uttoxeter New Road - £620 pcm
Flat Three - 116 Uttoxeter New Road - £525 pcm
32 Sudbury Street - £650 pcm
34 Sudbury Street - £650 pcm
In our opinion there is the opportunity for a number of the rentals to be increased, in line with the current market.
In accordance with AML Regulations, it is our duty to verify all Clients, at the start of any matter, before accepting instructions to market their property.
We cannot market a property before carrying out the relevant checks, and in the case of Probate, we must verify the identity of all Executors, if there are more than one.
In order to carry out the identity checks, we will need to request the following: -
a)Proof of Identity – we will also need to verify this information by having sight of photographic ID. This can be in the form of a photographic driving license, passport, or national identity card;
b)Proof of Address – we will need to verify this information by having sight of a utility bill, bank statement, or similar. A mobile phone bill, or marketing mail will not be acceptable.
Please supply the above as a matter of urgency, so that we may commence marketing with immediate effect.
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