74 & 75 74 & 75 Derby Square, Derby Square, IM1 3LR
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- 9 Registered Permanent Residential Flats
- Present Annual Rental Income Circa £37,546 Gross
- The properties Require Renovation / Upgrading
- Potential to Increase Rental Income
- Excellent Location to Town and Amenities
- Discussion Welcome
Description
Description
This property comprises of 9 let flats and a basement flat and presently Flats 2, 3, 4, 5, and 9 are rented on 12 month leases giving a rental roll of circa £37,546 Gross.
The property requires extensive renovation and upgrading and has the potential to increase the rental income with full occupancy. The main entrance to the majority of the flats is by the No 74 entrance and No 75 leads into a ground floor flat which requires renovation.
The flats are registered as permanent residential and the following information on each flat Re: occupancy registration details ( ) number of persons and rents.
Flat 1(6) Flat 2 (2) £575pcm Flat 3 (1) £600pcm Flat 4 (1) £144.23pw Flat 5 (1) £144.23pw Flat 6 (2) Flat 7 (2) Note there is No Flat 8 but there is a Lower Ground Flat (Basement) (2) Flat 9 (3) £800pcm Flat 10 (3)
All the flats are rated and of course under the residential leasing the payment is by the Landlord. For Information purposes the following Treasury Rate Year 24/25 All Paid in Full.
Flat 1 £244.20
Flat 2 £355.20
Flat 3 £310.80
Flat 4 £288.60
Flat 5 £222.00
Flat 6 £310.80
Flat 7 £222.00
No Flat 8 (LGF)
Flat 9 £377.40
Flat 10 £377.40
Tenure
Freehold subject to Tenancies'
74 & 75 74 & 75 Derby Square, Derby Square, IM1 3LR
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Nethertown Station43.5 miles
Notes
Disclaimer - Property reference 95107. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Deanwood Estate Agents, Douglas. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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