Studio Apartment for Investment

Situated within a convenient and central location in the heart of Plymouth city centre, close to Plymouth University and Arts University Plymouth, is this purpose-built third floor studio apartment. Currently tenanted on an AST Agreement generating an income of £500 pcm. The accommodation briefly comprises an open plan living/dining/bedroom with window to the side. There is a fitted kitchen area and a bathroom. We have been informed by the Letting Company that the current rental is below market pricing and could be increased to £550 pcm.

Tenure

Leasehold. 125 years from 25/12/05

AUCTIONEERS NOTE

The property is let to a tenant on a Assisted Shorthold Tenancy at £500pcm.

VIEWINGS

We will be providing block viewing sessions in the lead up to the auction. Please telephone Auction House South West on 03456 461361 to book a slot.

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 D65

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.