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The asking rent does not include charges that may be payable before and/or during the duration of the tenancy, therefore you may be required to make one or more of the following permitted payments:

A refundable holding deposit (up to 1 week's rent)

A refundable tenancy deposit (up to 5 weeks' rent (or 6 weeks' rent if the annual rent is £50,000 or more))

A payment to alter the tenancy agreement, when requested by the tenant (up to £50 inc VAT, or reasonable costs incurred if higher)

Payments associated with early termination of the tenancy when requested by the tenant

Interest, at a rate of up to 3% above the Bank of England's base rate, for late payment of rent (which is more than 14 days overdue)

A default fee for the replacement of a lost key or security device

Payments to service providers in respect of utilities, communication services, TV licence and council tax

Other payments, permitted under appropriate legislation, including damages.

A letting or property management agent in England must also be a member of a property redress scheme and a member of a client money protection scheme. For further information, or a copy of their membership certificates, please contact the agent directly.
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Floor plan not yet uploaded.
Floor area unspecified.
Ideally located in the heart of Derby city centre.
We are offering a block of 108x studios ideally located in the heart of Derby city centre at 10% gross yield.

Offered with vp or pre tented with international students.

Completion is Sept 2021.

Building will be fully refurbished to a high specification and be sold as an investment or with vacate possession. All units are self contained studios.

? Upper floors – 108 self contained studios
? Ground floor – 6,000 sq feet retail with a letting already pre arranged at around £50k pa.
Estimated income summary: £810k pa for 108x studios plus £50k pa retail ie £860k pa.

Forward purchase options on buying:-
1 forward funding and we would pay interest on the amounts funded
2 exchange contracts now with a view to completing in sept when the scheme is complete.

Seller can offer a 12 month rental guarantee with these options hence de risking the purchase.

Offered at : Gbp 9M (Freehold) reflecting a 10% gross yield
or at a lower price with vp.
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Do you own this property? Leave a review!
Date Listing Posted: 20/03/2021
Updated: 26/03/2021
Days on : 6

0 Bedroom For Sale

Babington Lane, Derby DE1

£9,000,000 Guide Price

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Britannia House, 1-11 Glenthorne Road,, Hammersmith
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Nearby Stations
Derby Station - 0.43 miles Peartree Station - 1.56 miles Spondon Station - 2.61 miles Duffield Station - 4.88 miles
Nearby Schools
St James' Church of England Aided Infant School - 0.32 miles Derby Cathedral School - 0.46 miles St Joseph's Catholic Voluntary Academy - 0.50 miles Rosehill Infant and Nursery School - 0.51 miles
Estimated running costs:
Mortgage £32,301
Energy £130
Water £0
Broadband £30
Home insurance £13
Recently sold in area Derby
Flats/Maisonettes Jan 15, 2021
Terraced Jan 15, 2021
Detached Jan 15, 2021
Semi-detached Jan 15, 2021
Terraced Jan 12, 2021
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Contains HM Land Registry data © Crown copyright and database right 2019. This data is licensed under the Open Government Licence v3.0.
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