Vacant Leasehold Flat

A great opportunity to purchase for investment or as a first time property. Located in a popular location close to Devonport Naval Base, the property has been updated and improved over time and offers an opportunity for a ‘turn key’ purchase. With an estimated income of £750pcm+, this provides a potential rental yield of 12% based on the lower end of guide price. The accommodation comprises a bay fronted open plan lounge / kitchen, shower room and double bedroom. The kitchen offers a range of modern fitted units and the property is decorated in neutral colours and carpeting. There are 108 years remaining on lease.

Tenure

Leasehold. 125 years from 2007

ACCOMMODATION

Lounge Area - 10'5'' x 13'3'' (3.17m x 4.04m) Kitchen Area - 9'5'' x 5'7'' (2.87m x 1.70m) Bedroom - 9'11'' x 12'9'' (3.02m x 3.89m) Shower Room

VIEWINGS

Weekly 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.

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.

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.

Energy Efficiency Rating (EPC)

Current Rating E44

Local Authority

Plymouth City Council

Solicitors

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

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.