Investment For Sale 29 Friar Gate, Derby, Derbyshire

DE1 1BX

£300,000 for the Freehold (please check the VAT status)

1,444 Sq Ft (134.2 Sq M)

Property for Sale

Key features for Residential Investment in DE1 1BX

  • Sale: £300,000 for the Freehold (please check the VAT status)
  • 1,444 Sq Ft (134.2 Sq M)

  • 6 Bedroom HMO
  • Generating £28k pa gross
  • With parking
  • Next to University of Derby School of Law
  • Within 0.1 mile of UoD Business School opening 24
  • Just 0.5 mile walk from Derby market place

Where is the Investment located?

The property is located on the periphery of Derby city centre, just a 0.5 mile walk of the market place. Friar Gate is generally regarded as one of Derby's most important conservation areas and is in the heart of the City's main professional and business district within the Cathedral Quarter.

Friar Gate itself is one of the main arterial routes into the City and forms part of the inner ring road and links with the A38/A52 (Burton/Ashbourne) to the West and A52/A38 (Nottingham/M1) to the East.

The investment for sale is situated just 0.1 mile south of the UoD New Business School Set to open in 2024. There are a number of quality restaurants and bars within a short walk. There are a number of contract car park facilities close by.

What 3 Word location: slam.tops.cave

Description

DRAFT DETAILS
Residential investment. 6 Bed HMO. Currently producing £28,000 Gross. Next to University of Derby School of Law. With parking. Prestigious town centre location. There are two letting rooms per floor with a shared kitchen, lounge, shower room and WC on the ground and shared 2x shower rooms with WC's on the first.

Externally, to the rear is a small enclosed courtyard with parking for c 2 vehicles.

How has the accommodation been measured?

The accommodation has been measured on a Net Internal Area (NIA) in accordance with the RICS Code of Measuring.

Floor Sq Ft Sq M
Ground Floor 656 60.94
First Floor 368 34.19
Second Floor 420 39.02
Total1,444134

Planning

The HMO for sale was converted c 2014 under planning permission 03/13/00238 which approved change Of Use From Offices (Use Class A2) To House In Multiple Occupation (Sui Generis) and installation of two windows to rear extension.

The building is Grade II Listed Ref: 1287617. The property is situated within the Friar Gate conservation area. All parties should confirm the planning position with the Local Planning Authority.

Services

All mains services are connected to the property with a single metered supply. The currently landlord pays for the utilities. The agents give no guarantee in respect of connectivity or capacity and interested parties must rely on their own investigations.

What is the Rateable Value?

Derby Council Tax Band D.

How is the accommodation offered?

Freehold

Freehold investment for sale subject to existing student lets. It is anticipated that VP may be provided at the end of term.

Price

£300,000 for the Freehold. All figures are quoted exclusive of VAT, we are advised the property is not registered for VAT.

EPC

C (78)

What are the viewing arrangements

Please contact us or visit the OMEETO website for full details and a virtual tour. Physical viewings with proceedable parties can be arranged on request by contacting our commercial property agents. 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

16-May-2024

Omeeto

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

Investment for Sale Investment for Sale

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.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. You can change your cookie settings in your browser at any time.