Block of flats for sale in High Street, Derby DE73
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Property description
The block can be bought as a whole of broken up from 2 flats upwards.
Location
The subject property is located in the suburban village of Chellaston, on the Southern outskirts of Derby. It has a population of just over 15,000 according to the latest census and is a predominately residential area. It has good access to the Derby Southern Bypass which is approximately 1,000 metres away from the property.
Description
There are 9x2 bedroom + box rooms, duplex apartments which are accessed by a staircase at the side of the building, leading up to a rear walkway. To the front of 5 of the flats are balconies overlooking the high street and to the rear of the building is a parking area which is on a first come first served basis.
Price
Offers in excess of £950,000 (nine hundred and fifty thousand pounds) for the 999 long leasehold interest. This represents a low capital value of £134.93 psf, which is less than replacement cost.
The purchaser may qualify for multi-unit relief on stamp duty. They should rely on their own enquiries in this regard.
VAT The premises are not elected for VAT
EPC Rating tbc
Tenure A new 999 year long leasehold at a peppercorn ground rent.
Anti money laundering procedures In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 the Purchaser will be required to comply with our Anti Money Laundering policy. Further details on request.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Assembly Commercial Real Estate, SE1 on +44 20 3641 3212 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Assembly Commercial Real Estate, and do not constitute property particulars. Please contact Assembly Commercial Real Estate for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.