Lot 44 Leasehold Residential InvestmentAuction Date:
8th February 2023
12A Victoria Place, Stoke, Plymouth, Devon, PL2 1BY
Currently let at £6,396 per annum
A good sized one-bedroom ground floor flat forming part of this three-storey mid-terraced property, located in a popular residential area convenient for local amenities.
The flat, which is currently let, would be considered to require some updating and improvements.
Ground Floor
Communal entrance hall, private flat entrance, hallway, living room, bedroom, kitchen and bathroom.
Outside
Courtyard to the rear.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £123 per week.
Council Tax Band A
Auctioneer's Note
We have been advised that in December 2022 the vendor installed a new boiler and new electrics. Further details will be available within the legal documentation which can be downloaded from the Clive Emson website.
Tenure
Remainder of a 99-year lease from 22nd December 1983 at a current ground rental of £50 per annum.
Viewing
Strictly by prior confirmed appointment with the Auctioneer's Office. Interested parties are requested not to contact the tenants direct.
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
