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3 bedroom property for sale

23 MARLBOROUGH STREET, PLYMOUTH

Sold STC £135,000

Property Description

Key features

  • Countrywide Are Pleased To Offer For Sale By Public Auction On : Thursday, 07 September 2017 at 01:00 pm
  • Sandy Park Conference Centre, Exeter, Devon, EX2 7NN
  • Lot Number : 12
  • AN EXCELLENT INVESTMENT OPPORTUNITY COMPRISING OF SHOP UNIT, 3 FLATS, GARAGE AND COURTYARD IN CENTRAL LOCATION, CURRENTLY PART LET AND GENERATING 9,620 PAE WITH FURTHER INCOME POTENTIAL.
  • Development Opportunities
  • 135,000 +

Full description

An excellent investment opportunity situated in a popular central location currently comprising of a ground floor shop, with storage area and staff room (currently let and generating an income of £5,200 pae) with the upper floors being loosely arranged as three units of residential accommodation, with the top floor flat generating £65 per week/£3,380 pae and the two middle floors being currently vacant and offering the potential to increase the overall yield. The property has the benefit of a rear courtyard with the garage currently being let at £20 per week/£1040 pae. Although the property would benefit from a programme of modernisation it will doubtlessly appeal to the career lettings investor and also to builder/developers looking for a post works break-up and resale opportunity.

Location
Marlborough Street is situated in the Devonport area of the city, within easy reach of the Torpoint and cross channel Ferries and in turn the facilities and amenities of Stoke Village and Plymouth city centre beyond.

Ground Floor
Retail unit comprising of main trading area, storage area and staff room.

First Floor
Flat 1: Entrance hall, lounge/diner, kitchen, bedroom and shower room.

Second Floor
Flat 2: Landing, open plan lounge/diner/bedroom, kitchen, inner hallway and shower room.

Third Floor
Flat 3: Landing, lounge/bedroom with en-suite bathroom, kitchen/diner.

Outside
Rear courtyard area with access to the service lane. Garage.

EPC
Shop - Energy Efficiency Rating - TBC
Flat 1 - Energy Efficiency Rating - E
Flat 2 - Energy Efficiency Rating - D
Flat 3 - Energy Efficiency Rating - D

Auction Valuer
Wendy Alexander

Viewing
Strictly by appointment with Countrywide Property Auctions 0151 734 7509 (Monday-Friday); Miller Countrywide Plymouth 01752 668242 (Weekends).

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.


Listing History

Added on Rightmove:
08 August 2017

Map & Street View

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Countrywide Property Auctions, South West on 0151 734 7509.


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