Investment For Sale Osmaston Road, Derby, Derbyshire

DE1 2RD

£800,000 Guide price (please check the VAT status)

2,762 Sq Ft (256.6 Sq M)

Residential Investment

Key features for Residential Investment in DE1 2RD

  • Sale: £800,000 Guide price (please check the VAT status)
  • 2,762 Sq Ft (256.6 Sq M)

  • 6 newly converted apartments
  • Finished to a superb standard
  • Each fully self contained
  • 6 parking spaces to rear
  • With 3 EV charging points
  • Fully let producing £61,920 per annum
Show Virtual Tour

Where is the Investment located?

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).

Description

Newly converted residential investment providing 6x 1-bed self-contained apartments, occupying a corner position on Osmaston Road, 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.

How has the accommodation been measured?

Measurements taken from architect plans and should be checked.

Floor Sq Ft Sq M
Apartment 1 - Ground Floor front 468 43.48
Apartment 2 - Ground Floor rear 460 42.73
Apartment 3 - 1st Floor front 461 42.83
Apartment 4 - 1st Floor rear 463 43.01
Apartment 5 - 2nd Floor front 454 42.18
Apartment 6 - 2nd Floor rear 456 42.36
Total2,762257

Planning

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.

Services

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

What is the Rateable Value?

The apartments are still to be assessed for Council Tax

How is the accommodation offered?

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.

Price

£800,000 Guide price. All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.

EPC

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

What are the viewing arrangements

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.

Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Paper Copying Licence

100062569

Note

Plans, maps and drawings are not to scale.

Particulars Updated

14-May-2024

Omeeto

Please check our website for a suite of photos, videos and virtual tour. Users can also access various property documents.

Apartment 1 Lounge kitchen Apartment 1 bedroom

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.

Map showing location of property

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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