Freehold Block of 6 Apartments

Situated within an extremely central location in Plymouth, is this freehold end of terrace building arranged as 6 apartments. The building, which requires some renovation work, comprises of three x studio apartments, two x 1 bedroom apartments and a two bedroom apartment. All apartments are let on AST (Assured Shorthold Tenancy) agreements and are currently producing a total gross income of £27,900 per annum with the exception of the two bedroom apartment which has undergone recent renovation work and is currently vacant. This property offers a great opportunity to purchase an ongoing investment opportunity with the potential for increase.

Tenure

Freehold

Current Breakdown

Flat 1 - Studio (£450pcm) Flat 2 - 1 Bedroom (£414.24 four weekly equivalent of £450pcm) Flat 3 - Studio (£500pcm) Flat 4 - 1 Bedroom (£450pcm) Flat 5 - Studio (£475pcm) 22a - 2 Bedroom (Vacant) Further details can be found within the legal pack which is free to download via our website.

AUCTIONEERS NOTE

Please note, the internal photographs show Apartment 22a (2 bedroom) which has been recently refurbished and is vacant. The remainder of the apartments are in varying condition and some require work.

VIEWINGS

Block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West T: 03456 461361 to book a viewing slot.

FULL DETAILS

Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within our full details online on our website. All published information is to aid identification of the property and is not necessarily to scale

NOTICE TO BIDDER

Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.

Energy Efficiency Rating (EPC)

Current Rating E53(Flat 1) E40(Flat 2) E49(Flat 3) D67(Flat 4) E46(Flat 5) D57(22a)

Local Authority

Plymouth City Council

Solicitors

22 Law Solicitors, 22 Front Street, Ref: Claire Stanton, Tel: 0191 488 4950

Offered in association with

DC Lane

Additional Fees

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.