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7 bedroom block of apartments for sale
York Street, DERBY
£300,000
York Street, DERBY
£300,000
Our Summary
- SUMMARYAUCTION SALE 29 July 2025 - • Generating an income of just over £39,000 p/a• City centre location• Comprising 2 flats consisting of 7 bedrooms, 3 shower/bath roomsDESCRIPTIONGUIDE PRICE: £300,000AUCTION DATE: TUESDAY 29th JULY 2025BIDDER REGISTRATION: BY 2pm MONDAY 28th JULY 2025WHERE TO BID: Please ensure you are registered to bid on the Barnard Marcus Auctions website
- Planning permission was granted in 2015 for the conversion of the property into 2 flats, planning reference: (07/15/00926 – Derby City Council)
- By arrangement with the auctioneers - please see important advice for viewers on page 19 of this catalogueFOR SALE VIA THE MIDLANDS AUCTION CENTRE IN ASSOCIATION WITH BARNARD MARCUS AUCTIONS TUESDAY 29TH JULY 2025 AT 9
- AUCTION SALE
Description
This property is a terraced building in Derby city centre, comprising two flats with a total of 7 bedrooms, 3 shower/bathrooms, and a large open-plan kitchen/living/dining area. The property has been generating an income of £39,000 per annum and has planning permission for the conversion of the property into two flats. The flats are tenanted on individual Assured Shorthold Tenancies and are conveniently located for access to the Royal Derby Hospital, Derby University, Rolls Royce, and Toyota. The property has a gross yield of approximately 12% and is being sold via auction on July 29th, 2025, with a guide price of £300,000.