Residential investment Sold Peakdale House, Wisgreaves Road, Derby

This residential investment is situated 2.3 miles south east of Derby City Centre. The block of apartments fronts the main A6 (London Road) and is accessed off Wisgreaves Road.

It is primarily a residential area interspersed by a range of commercial operators to include local convenience.

There is a bus stop outside the property on London Road providing regular services into Derby City Centre.

Residential investment. 4 x self-contained 1 and 2 bed apartments with parking. Within a purpose built block of 9. ERV £23,250 p.a. to include Ground Rent income of block.

Apartments 2, 3, 6 and 8 are offered for sale these are well presented with laminate floor coverings, fitted units, electric heaters and double glazed windows. Apartment 6 has a Juliet Balcony. Each apartment comprises a kitchen diner, separate bedroom(s) and separate bathroom.

The apartments are accessed via a communal entrance hall with staircase and lift. Externally there is a fenced and gated car park with controlled access.

The flat areas have been taken from the EPC's.

The apartments were constructed c2005 under planning permission referenced 11/04/02197 (6x 1 Bedroom Apartments and 3x 2 Bedroom Apartments (C3 Use)). All parties should confirm the planning position with the relevant Local Authority.

All mains services with the exception of gas are connected to the property. Each of the apartments are separately metered.

The flats each have a Council Tax Band of A.

Freehold

Apartment 2, 3, 6, and 8 are offered for sale as a tenanted investment and subject to the occupational tenancies. Each apartment being let by way of an AST.

The reversionary freehold of the block is included with apartments 1, 4, 5, 7 and 9 having been sold individually to separate owners c2007 by way of 125 year long leases on effective FRI terms. Each of these pay a ground rent of £50 per annum.

£379,000 for the Freehold. All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.

Currently each tenant pays a fair and reasonable proportion to cover the service charge in respect of maintenance and up keep of the external, shared and common areas. A management fee is charged by the freehold for administration of the Service Charge.

Apartment 2 C(71)
Apartment 3 C(79)
Apartment 6 C(80)
Apartment 8 C(73)

Viewings are strictly to be arranged in advance by contacting the agent. Tenants unaware of sale.

OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.