144 Shaftesbury Crescent, Derby DE23 8LZ

Excellent investment opportunity, this two-bedroom apartment on the first floor is currently rented out, generating an income of £650 per month.

This modern and well-maintained apartment is situated just a short distance from the city center, with convenient bus routes and within walking distance to local shops. The property features gas central heating and double-glazed windows.

In summary, the apartment includes an entrance area that leads to an open-plan lounge/diner, a fully equipped kitchen, a master bedroom with an ensuite shower room, an additional double bedroom, and a family bathroom complete with a three-piece suite and a shower over the bath.

Leasehold Information
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Subject to a tenancy

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 1.2% of the purchase price (subject to a minimum 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.

Completion will be in accordance with special condition 29.
Lease Term 200 years from and including 1 June 2008. Service charge for the year to 31.03.2026 - £2,049.82. Ground Rent - £100 pa. Buyers are referred to the S20 Notices within the legal pack
We have not been provided with evidence of rental increase and are not therefore in a position to clarify the current rent payable.