Investment/Development Opportunity

Situated within the highly desirable area of Mannamead, close to the local amenities of Mutley Plain as well as regular transport links into Plymouth city centre, is this imposing semi-detached Victorian period building. Converted into three apartments, we are offering to auction the freehold interest of the building, the ground floor apartment (which is being sold as an ongoing concern with tenants in situ) as well as a vacant maisonette to the first and second floors which require refurbishment but benefits from building regulation approval for the works and far reaching views from the rear to Plymouth Sound. This is a fantastic opportunity to acquire an ongoing investment in a sought after location along with potential to add value once works have been completed to the upper floors.

Tenure

Freehold

AUCTIONEERS NOTE

The ground floor apartment is currently tenanted on an Assured Shorthold Tenancy Agreement since June 2018 and is producing £595pcm (exclusive). Further details will be included within the legal pack. The maisonette (1st & 2nd floor) has building regulation approval for submitted plans which was granted in January 2023. Further details can be found using reference 23/01890/OTHFP. The use as three separate apartments has been confirmed with a certificate of existing lawful use which was dated the 16th November 1998. Please note, the lower ground floor apartment was previously sold on a long lease and only the freehold title is included within this sale.

VIEWINGS

Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West on 03456 461361 to request a viewing.

FULL DETAILS

Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within the full property details, online, via 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 E52 (FFF), D68 (Basement Flat), TBC (GFF)

Local Authority

Plymouth City Council

Solicitors

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

Offered in association with

Shobrook & Co

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.