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48, Bedford Street
Derby , DE22 3PB
Price: £650,000
Size: 6,330 ft² / 588.08 m²

Key Features

  • A substantial Victorian building comprising 9 self-contained flats situated on a site of approximately 0.29 acres with development potential to the rear (STP).
  • Total Site Area (approx.) 0.12 hectares / 0.29 acres
  • Fully let with passing rent of £40,740 per annum exclusive (scope for rental increase).

Description

The property comprises a substantial threestorey Victorian building of solid brick construction beneath a pitched tiled roof. The property has subsequently been extended to the side and rear through similar constructions with pithed tiled / flat roofs.

Internally there are mix of one, two and three bed flats over three floors. The flats contain a traditional specification with carpeted /laminate floors, painted plastered walls and ceilings, fluorescent lighting and electric/gas fired radiators.

The property is situated on a site of 0.29 acres an benefits from development potential to the rear of the site (STP).

Whilst planning permission has not been formally sought, a draft scheme has in the past been prepared by an architect for a rear two
storey extension which has been considered to have realistic potential.

Passing rent - £40,740 per annum exclusive (additional income potential through lettings of vacant flats). A tenancy schedule is available from the agent on request.

Location
The property is located in a popular residential location on Beford Street approximately one mile west of Derby City Centre, accessed from Uttoxeter New Road or St Albans Road. The property is located on the west side of Bedford Street.

Services
It is understood that all mains services are connected to the property..

VAT
Not applicable.

Key Details

Tenure: For Sale


Agent

Ash Elliott MRICS

Contact

01332 200 232

aelliott@davidbrownproperty.com
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