Residential investment

Apartments 2 3 6 And 8, Peakdale House, Wisgreaves Road, Derby, DE24 8RQ

£379,000 for the Freehold

2,226 Sq Ft

Key Features

  • 4 x self contained apartments; 2x 2 bed & 2x 1 bed
  • ERV £23,250 p.a. to include Ground Rent income
  • Within detached block of 9 apartments, built 2006
  • Fenced and gated site with off street parking
  • Reversionary freehold included
  • Apartments 1, 4, 5, 7 and 9 sold individually c2007 by way of 125 year long leases

Full description

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.

Location

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.

Planning

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.

Services

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

Service Charge Text

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.

VAT

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

EPC

Apartment 2 C(71)

Apartment 3 C(79)

Apartment 6 C(80)

Apartment 8 C(73)

Viewing

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.

Accommodation

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

Floor Sq Ft Sq M
Apartment 2 GF, 1 bed 499 46
Apartment 3 GF, 2 bed 614 57
Apartment 6 FF, 2 bed 614 57
Apartment 8 SF, 1 bed 499 46

Business Rates

The flats each have a Council Tax Band of A.

Tenure

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.

Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Particulars Updated

15 Oct 2021


Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.

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