- Fully tenanted investment £13,800 p.a. +
- Approx. 7.9% gross yield +
- Tenant in situ for 8 years +
- Unique conversion- former engine room +
- Two double bedrooms, both with ensuites +
- Open-plan kitchen/living/dining area +
- Immaculately presented throughout +
- Four private parking spaces +
- Desirable location +
An excellent opportunity to acquire a beautifully presented and fully tenanted investment property forming part of the sought-after Victoria Mills development in Draycott.
This unique home occupies the former engine room, offering an abundance of character and individuality. Unlike other apartments within the complex, this property sits just outside the main building yet remains connected, providing a rare sense of privacy and distinction.
Currently let to a long-standing tenant who has been in occupation for 8 years, the property produces a strong annual rental income of £13,800, equating to a net initial yield of approximately 7.9% (based on the asking price of £175,000).
Internally, the accommodation has been immaculately maintained and finished to a high standard. Upon entry, a welcoming entrance leads through to a bright open-plan kitchen, living and dining area, ideal for modern living.
To the first floor are two double bedrooms, each benefiting from their own ensuite bathrooms, with vaulted ceilings and lantern roofs creating an exceptional sense of light and space throughout.
Externally, the property further benefits from four private parking spaces, a rare advantage within this popular development.
This is an ideal turnkey investment opportunity, providing immediate income from a reliable tenant within a well-regarded and characterful development.
Draycott is a charming and well-connected Derbyshire village situated between Derby and Nottingham, offering the perfect balance of rural tranquillity and urban convenience. The village benefits from a range of local amenities including independent shops, cafés, a post office, primary school, and popular local pubs, while larger retail and leisure facilities can be found in nearby Long Eaton and Borrowash. Excellent transport links are provided via the A52 and M1 (Junction 25), giving easy access to Derby, Nottingham, and East Midlands Airport. The nearby Long Eaton railway station offers regular services to major cities, and the surrounding countryside and canal side walks make Draycott an attractive location for residents seeking both connectivity and community charm.