Property Description

***HIGH YIELDING FREEHOLD RESIDENTIAL INVESTMENT*** Located just off the popular and fashionable Friar Gate area, close to the city centre and Derby University Campus, is a former public house, converted into two very well-equipped self contained apartments, when fully let producing a combined gross rental income of £39,600pa when fully let, this representing an impressive 14.4% return based on the guide price. Internally the uPVC double glazed and gas centrally heated accommodation in brief comprises:- Ground floor communal entrance hall providing access to both flats. The ground floor flats has a large L-shaped open plan living kitchen dining, four well proportioned bedrooms and two fitted shower rooms. To the first floor galleried style landing leads to three double bedrooms, fitted dining kitchen with built-in-appliances and shower room. Outside to the rear there is an enclosed low maintenance garden. Please note: The tenancy agreements are all held on individual agreements per room on assured shorthold tenancy agreements. The property is situated within a quiet and established residential location, always a popular choice with landlords, investors and home owner occupiers.

FLAT ONE

Room One - £495pcm (£5,940 per annum)<br>Room Two - £475pcm (£5,700 per annum)<br>Room Three - £400pcm (£4,800 per annum)<br>Room Four - £475pcm (£5,700 per annum)

FLAT TWO

Room One - Vacant (previously let at £485pcm)<br>Room Two - Vacant (previously let at £485pcm)<br>Room Three - £485pcm (£5,820 per annum)

Tenure

Freehold

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