Investment No Longer Listed 118 Osmaston Road, Derby

The residential investment for sale is located 0.5 miles southeast of Derby city centre and occupies a corner position on Osmaston Road, facing the new Nightingale Quarter; a new development of c800 homes and six acres of open space, parkland and gardens.

It is generally regarded as a mixed use location with a range of residential and commercial accommodation close by. Lidl is located just 0.2 miles to the west, along with an excellent and diverse range of high street shops and eateries on Normanton Road.

The property is superbly positioned for commuter and public transport links. Osmaston Road is a main route into the city centre, linking with the A601 Lara Croft Way (Derby's Inner Ring Road).

Newly converted and fully let producing £61,920 per annum. 6x One-bed self-contained apartments with parking. Prominent corner position opposite the new Nightingale Quarter. The conversation is to a high standard benefiting from mechanical ventilation, storage and oil fired heating, fully fitted kitchens & bathrooms and offered to tenants as fully furnished.

There is an intercom entry system and CCTV to the common areas. Externally there is a car park with 1 space per apartment with 3x electric car charging points. There is a third party ROW through the car park servicing the adjoining property.

Measurements taken from architect plans and should be checked.

By way of a consent referenced 23/01005/FUL planning has been granted for change of use from offices to six apartments (Use Class C3). Interested parties should confirm the planning position with the local planning authority.

All mains services, except gas are connected to the property. Each apartment is self contained and separately metered with its own mains supplies.

The apartments are still to be assessed for Council Tax

Freehold

Freehold apartment block for sale. The apartments are fully let on new six month AST's and are producing: £61,920 per annum. The flats are let furnished with the tenants being responsible for their own utilities.

£750,000 for the Freehold. All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.

Flat 1 = D(66)
Flat 2 = D(67)
Flat 3 = C(73)
Flat 4 = C(74)
Flat 5 = C(70)
Flat 6 = C(69)

Please check our website for a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting OMEETO or our joint Agent Innes England. OMEETO do not take any responsibility for any loss or injury caused whilst carrying out a site visit.