Breach Road, Heanor

Property Details: • Type: Apartment • Tenure: N/A • Floor Area: N/A

Key Features: • Seven self-contained studio apartments • Current Income £46,200 per annum • Fully let and income producing • Excellent condition • Offers invited at £550,000 to show an initial yield of 8.4% • £78,600 per unit

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 23 Bridgford Road, West Bridgford, Nottingham, NG2 6AU

Full Description: Heanor is a town in the Amber Valley District of Derbyshire. It lies 8 miles north-east of Derby, 9.5 milesnorth-west of Nottingham and forms with the adjacent village of Loscoe the Civil Parish and Town CouncilAdministered Area of Heanor and Loscoe. This has a population at the last Census of 17,250. More than 20% of the local working population is involved in manufacturing, with the retail industry employing over 17%.A number of well-known manufacturing companies are situated within the immediate area providing a goodsource of employment. Breach Road runs in a north-westerly direction from its junction with Ilkeston Road which forms part of the A6007 Trunk Road. Breach Road connects in an easterly direction with Lacefields Road. This property is situated close to the junction with the main road and was a former Public House. In some instances the surrounding properties have been redeveloped for modern residential use, whereas otherproperties also occupied for residential purposes have been upgraded. This is a popular area, convenient for the facilities within Heanor Town Centre, but also a short travelling distance to Ilkeston and elsewhere.  The property comprises a substantial building with accommodation arranged on ground and one upper floor, being formerly a Public House. The building is of 9" and 10½" cavity brick construction under a slate roof. The property has been extensively altered and modernized by the Vendors to provide three spacious ground floor apartments together with four similar apartments at first floor level. The property has been upgraded with the installation of PVC windows throughout and has metal gutters and downpipes.Each apartment consists of a living room, kitchen area with separate bedroom and en-suite facilities.Each flat is separately metered. Heating is provided by electric convectors. At the rear of the property there is a small rear yard approached via a covered, secure walkway from Breach Road.As elsewhere throughout the United Kingdom, the area enjoys a buoyant letting market for apartments such as the subject property.  These sales particulars have been prepared by FHP Living on the instruction of the vendor. Services, equipment and fittings mentioned in these particulars have NOT been tested, and as such, no warranties can be given. Prospective purchasers are advised to make their own enquiries regarding such matters. These sales particulars are produced in good faith and are not intended to form part of a contract. Whilst FHP Living have taken care in obtaining internal measurements, they should only be regarded as approximate.Purchaser information - Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, FHP Living require any successful purchasers proceeding with a purchase to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill. This evidence will be required prior to FHP Living instructing solicitors in the purchase or the sale of a property. Brochuresbrochure