Iron Gate Studios, 37-38 Iron Gate, Derby, DE1

6 bedroom Multi-Unit Property in Derby

Under Offer
Offers Over £315,000
Current Yield 13.2 %
Potential Yield 13.2 %
Property Reference: 215728762
  • Multi-Unit Property
  • 6 Bedrooms
  • 6 Bathrooms
  • 6 Receptions

Property Features

Property Features

  • Multi-Unit Property
  • Portfolio of 6 Flats
  • Utility Area
  • Good Condition
  • Allocated Parking
  • Easy Access to Local Amenities

Property Information

Full Details

Our latest listing is a portfolio of 6 flats in Derby. They are currently generating steady, rewarding rental returns for the current landlord. For investors looking for a rewarding investment, this is a brilliant opportunity!

This multi-unit property consists of 6 bedrooms, lounge, kitchen and bathroom in good condition, including building amenities like utility area and allocated parking space. It is situated in a city centre location with close proximity to local amenities and fantastic transport links throughout.

Investment Details

It currently produces an annual gross income of £50,136 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

Key Selling Advantage: Selling these six apartments to one investor would allow them to take over the management of the entire block. These units make up 50% of the block (12 apartments total), granting the investor the right-to-manage advantage.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Helpful Information

Property Reference: 215728762

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £4178
  • Potential Rent pcm: £4178
  • Tenancy Agreement in place: YES
  • Tenancy Compliance in place: YES
  • Current Term of Tenancy: 2 years+
  • Tenants means of funding: Student
Property Reference: 215728762
Property Reference: 215728762

Property Location

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Request DetailsIron Gate Studios, 37-38 Iron Gate, Derby, DE1

Offers Over £315,000

Make an offer
Iron Gate Studios, 37-38 Iron Gate, Derby, DE1

Listing Price

Offers Over £315,000

Disclaimer
All offers are submitted to the seller for approval. On acceptance of your offer you will be required to instruct a solicitor for Legal Acceptance of your offer. A fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion. Terms and payment details will be provided upon verbal acceptance of your offer.