10 St Georges Terrace, Plymouth, PL2 1HR

Description

A mid-terraced house converted at some point into 2 self contained flats one of which requires modernisation and repair whilst the other is generally well presented but could benefit from some minor finishing works.

This freehold property offers a great opportunity and of interest we suggest to both the investor and developer as well as the owner occupier looking to create a separate income after completing the upgrade works to the lower floor.

Accommodation

Please see attached floorplan which provides the layout and room sizes.

To the rear is a garden area with access to the rear lane and there is a yard area at ground level as well as the front garden area.

We understand that each flat has the benefit of separated metered utilities but interest- ed parties are requested to verify.

All offers must set out any conditions required, such as being subject to survey, and must be supplied with supporting proof of finance and purchase ability.

Material Information

We act on behalf of the administrators of MBF Care Ltd who have no access to information that a resident vendor may have, although we will assist in providing any addi- tional information where we can. Please feel free to ask and we will do our very best.

Council Tax Band – Both flats “A”

EPC – Ground floor “D” First Floor “C”

Tenure

Each flat is separately registered under a long ground lease, 199 years from September 1987 (161 years remaining). The freehold is split into two parts although for reasons unknown, only one of which was transfered on purchase.Despite using tracing agents the freeholder of the second part has not been found so the property will be sold with an absentee freeholder indemnity policy. We understand that this freehold element has no benefit such as ground rent attached.

Further details upon request.

VAT

We are unaware of any election to VAT being made on this property.