Property Information
Address:
129 Kedleston Road, Derby, Derbyshire
, DE22 1FT
, Derbyshire
, United Kingdom
Price: Property no longer available.
Size: 2023 sq ft188 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH668860
Property Ref/Agent: 6020
*Please use the agent ref when calling the agent directly.
Property description
The property comprises a substantial semi-detached building converted into a fully licensed 7 bedroom HMO over three storeys with shared kitchen and shared communal living room.
Two of the bedrooms benefit from en-suites with the remaining five sharing two separate sanitary facilities.
The property is presented to a good standard and enjoys an ever popular location in a well regarded area of the city where there is good tenant demand.
Location
The property is very well located on Kedleston Road to the North-West of Derby City Centre close to a wide range of amenities including Post Office, Sainsburys Local and other retailers.
It is well served by public transport and is within a short walk or drive of University of Derby in both the City Centre and on the Kedleston Road campus. The University itself has an enrolment of close to 30,000 student and plans of opening a new business school in the City Centre further increase the demand for student accommodation.
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
The accommodation has been measured on a Gross Internal Area basis in accordance with the RICS Code of Measuring Practice (Sixth Edition):-
Total Gross Internal Area: 188 sqm / 2,023 sq ft.
Breakdown (not including bathrooms) :
Room 1 - 22.4 sqm (241 sq ft)
Room 2 - 7.3 sqm (78 sq ft)
Room 3 - 13.5 (145 sq ft)
Room 4 - 21.9 (236 sq ft)
Room 5 - 10.2 (110 sq ft)
Room 6 - 6.4 sqm (69 sq ft)
Room 7 - 12.8 sqm (202 sq ft)
Shared Living Room - 13.1 sqm (141 sq ft)
Kitchen - 13.4 sqm (144 sq ft)
Planning
The property falls within Use Class sui generis being a house in multiple occupation for more than 6 residents.
Services
It is understood that all main services are connected to the property.
Rates
This property falls within Council Tax Band D.
Legal Costs
Each party is to be responsible for their own legal and other professional costs incurred in the transaction.
VAT
VAT is not applicable on the sale of the building.
Viewing
Viewings to be arranged via sole agents BB&J Commercial.
Fully let 7 bedroom HMO with professional tenants
Located in popular student area between Derby City Centre and both Derby University Campuses
Great for public transport and local amenities
Rent £37,080 per Annum Inclusive with room for uplift. Would be well suited to student use
Offers in excess of £475,000
This represents a maximum gross yield of 7.8%.
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