8 Bed Detached House For Sale Gerard Street North, Derby, DE1

Ready made investment opportunity. Eight studio flats within a converted detached freehold building, located within the city centre, currently generating a gross annual income of £40,800 (net £39,600). This property is currently fully occupied and benefits from gas central heating, double glazing, parking and approved planning permission for a two storey rear extension ( ref: DER/04/17/00483). To the ground floor there is a communal hallway providing access to four studio flats and there is a futher four studio flats to the first floor. On each floor there is a laundry cupboard with a coin operated tumble dryer. There is a driveway leading down to the side of the property which leads to a parking area and bin store. Viewing is essential.