Investment Opportunity

An extended freehold building comprising of three apartments, all let on AST (Assured Shorthold Tenancy Agreements) producing an approximate gross income of £23,220pa with opportunity for increase. The sale also includes an enclosed yard to the rear.

Tenure

Freehold

AUCTIONEERS NOTE

Please note, the leasehold interest of the ground floor flat 112 Victoria Road is not included in the sale and has been sold off on a long lease (125 years from 1 January 2021). The first floor flat has a lease of 999 years from October 1990 however, the remaining two flats have no leases. The sale includes the lease of the first floor and the freehold title of the whole building. Current Rental Incomes - 11 Lynher Street 1 bed flat with 1 shower room - £525pcm 112a Victoria Road 2 bed flat with 1 bathroom & 1 shower room - 625pcm 112b Victoria Road 2 bed flat with 1 bathroom & 1 shower room - £785pcm

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.

VIEWINGS

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 112 - EPC D63, 112b - EPC C69

Local Authority

Plymouth City Council

Solicitors

Thompson and Jackson Solicitors, Ref: Tom Langrishe

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.