LOT
98
£118,000+*
Guide price (+ fees)
A residential investment opportunity to acquire a Grade II listed two storey mid terraced property, currently let on four long established rolling assured shorthold tenancies, generating a combined income of £1,400 pcm/£16,800 pae. The property has the benefit of front and rear courtyard style gardens with pedestrian access to the rear service lane, along with the remainder of a 999 year lease and a pepper corn rent.
Clarence Place is situated in the Stonehouse area of Plymouth, a popular residential lettings area with local shopping facilities and easy access to both the City centre and Millbay.
Rear tenement flat with bed/sitting room and kitchen, two bed/sitting rooms with kitchenettes and a shower room/WC serving the ground floor accommodation.
Large bed/sitting room, kitchen and shower room/WC.
Front and rear courtyard gardens and access to the rear service lane.
G
Flat 1 - A
Flat 2 - A
Ground floor bedsits combined - A
Block viewings via Fulfords St Budeaux 01752 362481. General enquiries Countrywide Property Auctions 01395 275691.
At the time of instruction the property has not been inspected internally. The property is Grade II Listed with an EPC rating of G and is being sold with the existing tenants in situ. Interested parties must make and rely upon their own enquiries regarding any PRS Exemptions that they may wish to apply for if they are the successful purchaser. The property is not currently HMO licensed.
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GUIDE PRICES & RESERVE PRICES
Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
13 Clarence Place, Stonehouse, Plymouth PL1 3JW
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An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
A successful purchaser will also be required to pay a Buyer’s Administration Charge of 1.2% of the purchase price subject to a minimum fee of £1,800 including VAT (unless stated otherwise within the property description in the catalogue) by debit card or bank transfer.
You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees).
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