Block of Apartments for auction

HIGH YIELDING FREEHOLD RESIDENTIAL INVESTMENT OPPORTUNITY Located just off Normanton Road and situated within literally yards of Arboretum Park, is a substantial former coach house, subdivided in 5x 1 bedroomed self contained flats, currently producing a combined rental income of £26,280 per annum. Flat 1 - £400 pcm Flat 2 - £440 pcm Flat 3, 4 & 5 - £450 pcm Internally the uPVC double glazed accommodation in brief comprises:- Flats 1 & 2 to the ground floor (Flat 1 has a front door onto the street, which is not used at the moment as access is made via the ground floor of the communal area) and Flat 2 having its own garden and utility/laundry room outside. To the first floor landing there are Flats 3, 4 & 5 and boarded loft accessible from the upstairs communal area. Outside to the front the property has gated archway leading to an extensive concreted rear yard/communal garden area with utility/laundry room (for the use of Flat 2 only) and brick built garage. The property is situated within the context of an established and strong letting location, conveniently positioned for the city centre, Derby's inner road road and an abundance of local amenities.