Lot 101

MULTI-COMPONENT FREEHOLD INVESTMENT

14 Barnstaple Street, South Molton, Devon, EX36 3BQ
14 Barnstaple Street, South Molton, Devon, EX36 3BQ
Sold £280,000

Currently let at £34,166.60 per annum

A fabulous residential opportunity to acquire this three storey mid-terrace freehold period property split into seven bedsits and all occupied on Assured Shorthold Tenancies. The building is in a convenient position close to the bustling market town centre of South Molton and with easy access to all amenities and facilities. The property is likely to be of interest to the letting investment fraternity looking for a modest to high yielding investment.

Ground Floor

Entrance into communal hallway with stairs.

Flat 1

Kitchen/bedsitting room and shower room/W.C.

Flat 2

Kitchen/bedsitting room and bathroom room/W.C.

Flat 3

Kitchen area, bedsitting room and shower room/W.C.

First Floor

Flat 4

Bedsitting room, kitchen and shower room/W.C.

Flat 5

Bedsitting room, kitchen and shower room/W.C.

Second Floor

Flat 6

Kitchenette, bedsitting room and shower room/W.C.

Flat 7

Kitchenette, bedsitting room and shower room/W.C.

Outside

There is a courtyard accessed from the ground floor hallway.

Tenancies

Each flat is let on an Assured Shorthold Tenancy Agreement and the total current rental income is £657.05 per week.

Viewing

Strictly by prior confirmed appointment with the Auctioneer's Office. Interested applicants are advised not to contact the tenants direct.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/