4 Freehold HMO Properties

Derby is a major commercial centre within the East Midlands region, situated approximately 8 miles west of
J25 of the M1 Motorway and 40 miles north-east of Birmingham. The city has a resident population of circa
250,000 persons, with 2.2 million persons within a 45 minute drive-time.

It traditionally draws upon a stable industrial employment basis, having long-standing historic connections with the railway industry and Rolls Royce Engineering, one of the City's major employers. Other major employers include Alstom (manufacturers of rolling stock), Toyota and Royal Crown Derby which was established in the City many centuries ago.

In recent years Derby University has considerably expanded incorporating Derby College, Derby College of
Art & Technology and Lonsdale & Derby College of Higher Education. It is now a major employer and home
to some 34,000 students. Works are currently underway to build approximately a 135,000 ft² building to accommodation a further 6,000 students for Derby Business School for completion in September 2024.
Throughout the centre of Derby there have been a number of major developments both in commercial and
residential terms with a considerable amount of development for residential tenants. The main shopping centre, now known as Derbion Shopping Centre (formerly Intu Derby) has been upgraded.

23 and 35 Bass Street are situated north-west of the City Centre, off Friar Gate and Ashbourne Road, in what we consider to be a good residential area where a number of residential developments have been undertaken.

73 Mill Hill Lane is situated south-west of the City Centre in between Burton Road and Normanton Road.

11 Forester Street is situated immediately west of Derby City Centre, off Forester Road, close to the inner ring road and 3 minutes walking distance from the city centre and all the amenities which it provides.

The investment consists of four separate properties, Nos 23 & 35 Bass Street located off the Ashbourne
Road, 73 Mill Hill Lane close to the city centre and 11 Forester Street. The details of each of the properties
are as follows:-

23 Bass Street is a 7-bedroom HMO with sui generis planning permission. All rooms are en-suite, together with large garden and communal kitchen/diner. This property has the benefit of a garage used for cycle storage and ancillary use.

35 Bass Street is a 7-bedroom HMO with a communal kitchen/diner. One of the bedrooms is en-suite, the
others have 2 shower rooms with WCs and there is an additional downstairs WC. This property could be
converted to make all rooms en-suite. It also has the benefit of a large garden. The property has the benefit
of sui generis Planning Permission.

73 Mill Hill Lane is a 6-bedroom HMO, all rooms with en-suite facilities and a courtyard garden, very close to
the City Centre.

11 Forester Street is a 5-bedroom HMO with 2 showers/WCs and a further WC downstairs. It has a
shared kitchen/diner and is 3 minutes walk from the Derby City Centre. The property has the benefit of one
dedicated car space to the rear.

All properties are licensed with a Council HMO.


 

These sales particulars have been prepared by FHP Living on the instruction of the vendor. Services, equipment and fittings mentioned in these particulars have NOT been tested, and as such, no warranties can be given. Prospective purchasers are advised to make their own enquiries regarding such matters. These sales particulars are produced in good faith and are not intended to form part of a contract. Whilst FHP Living have taken care in obtaining internal measurements, they should only be regarded as approximate.

Purchaser information - Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, FHP Living require any successful purchasers proceeding with a purchase to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill. This evidence will be required prior to FHP Living instructing solicitors in the purchase or the sale of a property.