Seven-bedroom residential investment property

Located just off the popular and fashionable Friar Gate area, close to the city centre and Derby University Campus, is a former public house converted into two very well-equipped self-contained apartments. When fully let, the property produces a combined gross rental income of £39,600 per annum, representing an impressive 14.4% return based on the guide price. Internally, the uPVC double glazed and gas centrally heated accommodation briefly comprises a ground floor communal entrance hall providing access to both flats. The ground floor flat features a large L-shaped open-plan living kitchen dining room, four well-proportioned bedrooms, and two fitted shower rooms. To the first floor, a galleried-style landing leads to three double bedrooms, a fitted dining kitchen with built-in appliances, and a shower room. Outside to the rear, there is an enclosed low-maintenance garden. The tenancy agreements are held on individual room agreements on assured shorthold tenancies. The property is situated within a quiet and established residential location, always a popular choice with landlords, investors, and owner-occupiers.