12 Delven Lane, Castle Donington, DE74 2LJ
- PROPERTY TYPE
Serviced Apartments
- BEDROOMS
6
- SIZE
2,357 sq ft
219 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- NEWLY RENOVATED TO A HIGH STANDARD
- INCOME PRODUCING INVESTMENT
- PLANNING PERMISSION FOR LONG TERM LETTINGS
- 6 APARTMENTS
Description
Castle Donington is situated a short distance from Junctions 24 and 24a of the M1 Motorway and can be directly accessed from the A50(T) (the M1/M6 link) making it central to Nottingham, Derby and Leicester.
International travel is available from the nearby East Midlands Airport. This area has developed mainly as a consequence of the Airport and the National Roads Network. Castle Donington and this area of the Motorways is considered to be one of the busiest interconnecting sections of the National Roads Network, in particular because of East Midlands Airport which is served by several major airlines including BMI, Ryanair and EasyJet.
The location is also renowned for the location of Donington Park Motor Racing Circuit and the location stands on the former Nottingham to Birmingham Trunk Road, with the town being a mixture of old and new property, with modern shops mixed with Georgian and Regency houses.
DESCRIPTION
The subject property comprises a semi-detached mid Victorian 19th Century property, of traditional brick elevations, part Ashlar dressings and part period brick features, beneath a pitched tiled covered roof.
The property is three-storey in design and includes a basement and attic. To the rear is a single storey extension of traditional brick construction beneath a pitched tiled roof covering containing a kitchen and an external store.
Internally, the property contains a total of six apartments that are currently being let as short-term lettings, details of which are available upon request.
Externally there is a good sized car park with parking for approximately 6 spaces.
BUSINESS RATES
Budget figures are available from the Agents.
For further information on Rates Payable and Small Business Rates Relief contact North West Leicestershire District Council.
PLANNING
Interested parties should satisfy themselves that the use of the building is sufficient to their purposes.
For further information, please contact North West Leicestershire District Council.
TERMS
The premises are available to purchase as an income producing investment.
PRICE
£800,000 (Eight Hundred Thousand Pounds)
SERVICED ACCOMMODATION
The property is currently run as serviced accommodation generating the following
annual income. A more detailed breakdown is available upon request.
31/12/2022
Turnover: £115,475
Gross Profit: £78,890
Operating Profit: £60,787
31/12/2023
Turnover: £135,868
Gross Profit: £101,619
Operating Profit: £81,878
31/12/2023
Turnover: £125,333
Gross Profit: £89,177
Operating Profit: £71,934
EPC (ENERGY PERFORMANCE
CERTIFICATES)
A copy of the existing building's Energy Performance Certificate can be obtained from the Agents.
SERVICES
We understand that mains electricity, gas, water and drainage are connected to the premises. However, we recommend that interested parties contact the relevant service providers to confirm this.
VAT
Prices are quoted exclusive of Value Added Tax (VAT).
LEGAL COSTS
Each party will be responsible for their own legal costs incurred in this transaction.
VIEWING
Strictly by prior appointment with the Sole Agents Musson Liggins Ltd.
Brochures
Brochure 1- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
12 Delven Lane, Castle Donington, DE74 2LJ
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Visit our security centre to find out moreDisclaimer - Property reference 12DelvenLane. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Musson Liggins Limited, Nottingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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