Lot 91 Leasehold Investment With ParkingAuction Date:
22nd March 2023
Flat 5, 205 Embankment Road, Plymouth, Devon, PL4 9JQ
Currently let at £6,780 per annum
A well presented apartment with tenant in situ, located within close proximity to Plymouth city centre and Plymouth’s historical Barbican and Hoe as well as â€easy access to the Devon Expressway (A38). The flat may appeal to investors looking to start or add to their portfolio.
Ground Floor
Communal entrance.
First Floor
Entrance hallway, shower room with W.C, living/dining/ kitchen area and stairs leading to mezzanine level currently being used as the sleeping area.
Outside
Off-road undercover parking to the rear.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £565 per calendar month.
Council Tax Band A
Tenancy
Remainder of a 99-year lease from 25th December 1985 at a current ground rental of £100 per annum.
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
