Peet Street, Derby, DE22 3RG

LOCATION Located close to Derby city centre, the property enjoys a convenient position with easy access to the city centre and surrounding areas. A range of local amenities, shops, schools and public transport links are all within easy reach, whilst Derby city centre provides an extensive choice of shopping, dining, leisure and employment opportunities.

The property also benefits from convenient access to the University of Derby and the Royal Derby Hospital, making the location particularly appealing to students, university staff and healthcare professionals. This accessibility, together with the range of amenities available nearby, is likely to support strong rental demand and help to minimise potential void periods.

Overall, the location provides a convenient and well-connected setting, making the property an appealing option for tenants seeking easy access to Derby city centre, the university, hospital and the wider amenities and attractions the city has to offer.

PROPERTY DETAILS Offered for sale is this well presented four bedroom HMO, being sold with tenants in situ. Three rooms benefit from ensuite facility with shower, wash basin and WC, with the remaining room having access to the off-suite. With all rooms currently tenanted the property generates £1770 per calendar month (£20,620 per annum).

Please note the above rental amount may change depending on any rooms that may be unoccupied

IMPORTANT INFORMATION The current owner has given us a list of costs as below.

32.79 Boiler Insurance 14.95 TV Licence 43.80 Virgin Media Internet 135.29 Eon Utilities 129.99 Water 30.76 Insurance

The property is located close to Derby City Centre and proves to be a sought after location for tenants.

Room 1 - 13ft 2 x 10ft 2 Room 2 - 13ft 8 x 7ft 9 Room 3 - 20ft x 8ft 4 Room 4 - 12ft x 12ft

CERTIFICATES The current owners have provided certificates all of which are available upon request.

LETTINGS NOTES The property comprises four rooms to let, all of which are currently occupied by tenants, generating a combined rental income of £1,770 PCM.

For further information on the lettings market in Derby, please contact Maddie Squire at maddie. .

AUCTIONEER NOTES This property is for sale by Martin & Co Derby powered by iamsold Ltd.

The property is for sale by Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change