Lot 119 - FOUR STOREY MIXED RESIDENTIAL AND COMMERCIAL PROPERTY WITH DEVELOPMENT POTENTIAL

Sold £295,000

The property is located on the Barbican, a popular residential and commercial area of Plymouth, within close proximity to Sutton Harbour Marina and the city centre. The imposing building is best known for making up part of the former Plymouth Arts Centre but is now vacant.

This four storey property, with numerous access points, offers potential to sub-divide into residential units, subject to all necessary planning consents being obtainable.

Basement

Cellar and store room.

Ground Floor

Retail area with bar to the rear and W.C.

First Floor

Office and open plan gallery area.

Second Floor

Office, kitchen, bedroom, shower room with W.C. and living room.

Third Floor

Two attic rooms.

Auctioneer's Note 1

For information relating to the commercial elements rateable value and other available data go to www.gov.uk/correct-your-business-rates and enter the postcode for the property into the appropriate search field.

Auctioneer's Note 2

At the time of publication the Auctioneer's have been unable to internally inspect the basement. Interested applicants should rely on their own investigations to verify the information provided.

Local Planning Authority

Plymouth City Council. Tel: 01752 668000. Website: plymouth.gov.uk.

Freehold with Vacant Possession

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/