Lot 63 Freehold Residential InvestmentAuction Date:
21st September 2022
9 Maple Road, St Thomas, Exeter, EX4 1BN
Currently let at £12,652.64 per annum
Situated on the western side of the River Exe and Exeter city centre (approximately one mile). It is also within a short distance of local shops with the more comprehensive facilities of the city beyond.
Ground Floor
Entrance hall, living room and open dining area, kitchen and conservatory.
First Floor
Three bedrooms and bathroom.
Outside
Front garden. Rear garden with outhouse accessed from within the conservatory housing an external W.C.
Occupancy Agreement
The property is currently let under a lifetime occupancy agreement at a contractual rent of £243.32 per week. The agreement allows for annual increases (on 1st April) in line with the Retail Prices Index (RPI) plus 2.
Auctioneer's Note
At the time of publication the Auctioneer's have been unable to internally inspect the property. These details have been provided by the Seller and interested applicants should rely on their own investigations to verify the information.
Viewing
There will be no internal viewings and interested applicants are requested not to contact the occupants direct.
Council Tax Band C
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
