*Guide | £100,000 (plus fees)
- Block of Apartments
- 2 Bedrooms
- Tenure: See Legal Pack
Call the team on 01752 474200 for more information
Investment Opportunity
A freehold mid-terraced property comprising two self-contained one-bedroom flats, conveniently situated in a central location within Plymouth. The ground floor flat is currently let, producing an income of £472.50 per calendar month. The accommodation requires refurbishment throughout and comprises a living room, kitchen/breakfast room, one double bedroom, and a bathroom. Externally, the flat benefits from an enclosed courtyard garden. The first-floor flat is currently vacant and has been modernised throughout. The accommodation comprises a living room/dining room, one double bedroom, a modern fitted kitchen, bathroom, and entrance hallway. The property offers an attractive investment opportunity with an established income from the ground floor flat and scope to generate additional rental income from the vacant first-floor flat.
Tenure
See Legal Pack
AUCTIONEERS NOTE
A local letting agent has advised that the vacant first-floor flat could achieve a rental income of approximately £750 per calendar month. Based on the current rental income from the ground floor flat of £472.50 per calendar month, the combined gross rental income would be approximately £14,670 per annum. Based on the current guide price, this would equate to an estimated gross yield of approximately 14%, making the property an attractive investment opportunity with both immediate income and further income potential from the vacant first-floor flat.
ACCOMMODATION
GROUND FLOOR FLAT Living Room Double Bedroom Kitchen/Breakfast Room Bathroom W.C FIRST FLOOR FLAT Hallway Living Room/Dining Room Double Bedroom Modern Fitted Kitchen Bathroom
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.
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.
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 E54
Local Authority
Plymouth City Council
Solicitors
Wolferstans Solicitors, Ref: Ebenezer Ola, Tel: DL 01752 292325 / 01752 292318
Offered in association with
Notman Taylor Estate Agents
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £600 inc VAT payable on exchange of contracts.
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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
