Property Information
Address:
41 43-45 & 47 Stafford Street, Derby, Derbyshire
, DE1 1JL
, Derbyshire
, United Kingdom
Price: Property no longer available.
Size: SOA
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH634445
Property Ref/Agent: 3332
*Please use the agent ref when calling the agent directly.
Property description
The property comprises 41-47 Stafford Street, Derby which is a multi-let residential and car park investment located in the heart of the city centre.
43-45 Stafford Street consist of a block of 32 self contained residential let, each with a bedroom/sitting room and with kitchnette facility and private en-suite shower room.
It has a mix of tenantrs inclduign professioanl and students all let be way of AST agreements.
In additon, the sale incldues numbers 41 & 47 stafford street comrpising a single three bed end tarrced dwelling and ..... providing four one bedroom converted flats both again let put on AST's.
To the rear of the main block is a pay and displaycar park offering 31 spaces throyughout the day and also potneital for signifcant evening trade exists to the rear of the propular Annis Burger Shack.
The residential elemtns alone geenrate a gross income circa £160,000 and the rear car park when fully let has potential fora further £50,000 per annum.
There is poentuial for furtjer uplift in rents being achieved.
Location
The property is situated in a prominent location on Stafford Street, Derby within close walking distance of Derby city centre close to the universaity campus and dedicated student accomodation at Roman House and Agard Street.
Derby is a major commercial centre within the East Midlands region, situated approximately eight miles to the west of junction 25 of the M1 motorway and 40 miles north east of the city of Birmingham.
The city has a resident population of approximately 250,000 and traditionally draws upon a stable industrial employment base, having longstanding historical connections with the railway industry and Rolls Royce Engineering.
Accommodation
41 Stafford Street - GF
ding room, kitchen bedroom 1 & FF two bedrooms, box room, bathroom + oputside rear yard
43-45 - 32 one bedroom units with a sitting room having kitchenette, en-suite shower and WC to each
47 - 4 self contained one bedroom flats
Car park - 31 allocated spaces available on a pay and siaply basis
Planning
We understand the property hs the benefit od planning consent for its existing use, C3 (Dwelling Houses) In respect to 43-45 & 47.
41 (HMO)
Services
It is understood mains water, electricity and drainage are connected.
Service Charge
In respect of the residential elemnents there is no service charge.
In respect of the car park to rear, an administration charge of x is paid per annum
Legal Costs
Each party will be repsonible for their own legal costs in connection with the transaction.
VAT
It is our understanding that VAT is not payable on the purchase price.
All prospective purchasers must satisfy themseleves as to the VAT position if neccersary by taking the appropiate professional advice.
Viewing
Strictly via appointment with sole agent, BB&J Commercial
Significant freehold investment opportunity comprising multi-let residential property and pay and display car park.
43-45 Stafford Street comprises 32 self-contained residential lets.
41 Stafford Street comprises an end-terraced dwelling.
47 Stafford Street comprises 4 converted flats.
Valuable 31 space pay and display car park to rear.
Gross income circa £160,000 per annum with potential for uplift.
For Sale
The property is available to buy freehold subject to the existing tenancies at offers around £1,800,000.
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