2 Marcus Street, Derby, Derbyshire DE1 3SE

For sale on 26 September 2024
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.
The auction will commence at 09:00.

A chance presents itself to purchase this beautifully presented freehold property which is perfect for a first time buyer or investor and includes a vacant one-bedroom ground floor apartment, together with a first floor apartment which is subject to a Lease for a term of 189 years from 25 September 1987.

This property comes with with views overlooking the green in the desirable Chester Green area and is conveniently located near Darley Park.

The vacant ground floor apartment is fully furnished and features gas central heating and an enclosed garden with a workshop at the back. The accommodation in brief comprises: Bedroom, spacious lounge, kitchen and shower room. Outside, the rear features an enclosed lawn and patio garden with large brick and slate Victorian workshop and utility room.

Rental estimate of £900 per calendar month providing an impressive yield of 11.4% based on the guide price.

Marcus Street is conveniently located close to Darley Park, local shops, well regarded schools, public transport routes and local amenities. The property also benefits from excellent road links into Derby City Centre and out towards the A38 and A61 road networks.

Utility 2m x 1.75m With washing machine, worktop with stainless sink fully tiled floor and tiled splashback.
Kitchen 2.4m x 2.8m With integrated electric oven and hob, extractor, freestanding fridge/freezer and dishwasher. Also benefitting from white gloss units with built in handles, stainless steel bowl and a half sink, tiled splash back, tile effect vinyl flooring, uPVC double glazed window and radiator.
Lounge 4.6m x 3.67m With wooden double glazed window, fitted carpet, wooden venetian blinds and radiator. Including TV stand, sofa, coffee table, dining table with four chairs and lamp.
Shower Room 2.4m x 1.75 With white WC, basin and vanity, walk in double shower, chrome main shower, towel rail radiator and extra tall storage unit.
Bedroom 3.34m x 4.60m With double glazed window, fitted carpet and radiators. Including double bed, large mirrored wardrobes, drawers and bedside table.
Outside Beautiful established enclosed rear garden with brick and slate workshop, great opportunity to be converted to a games room/office.
Parking Free annual residents permit zone 20.
PLEASE NOTE Maintenance of the exterior of the main building is controlled by you the Freeholder with a 50% shared cost liability to the owners of the first floor leasehold flat. The flat is in the Little Chester Conservation Area but is NOT subject to a Schedule 4 Classification
PLEASE NOTE This is freehold and there are no service or ground rent charges.

Tenure: Freehold

EPC Rating: D & D

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.