Lot 133 - FREEHOLD RESIDENTIAL INVESTMENT COMPRISING FOUR APARTMENTS

Guide Price £375,000+ * + Fees

Currently let at £37,500 per annum

Viewing by arrangement with Clive Emson Auctioneers

01392 366555
Audrey Smith

Online Bidding

Legal Documentation

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This recently refurbished, spacious property is arranged as four apartments over three floors.

The Victorian terraced property is situated in an area favoured among residents and holiday makers and within walking distance of the town centre, seafront and railway station.

Ground Floor

Entrance into communal hallway and stairs.

Flat 1

Entrance hall, open-plan living room/dining room/kitchen, two bedrooms and shower room.

Outside

Private garden with access to rear service lane.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £1.200 per calendar month.

First Floor

Flat 2

Open-plan living room/kitchen and bedroom with en-suite shower room.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £700 per calendar month.

Flat 3

Entrance lobby with storage, open-plan living room/dining room/kitchen, bedroom and shower room.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £700 per calendar month.

Second Floor

Studio 4

Open-plan living room/kitchen/bedroom and en-suite shower room.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £525 per calendar month.

Council Tax Bands

All apartments are Band A.

Viewing

Strictly by prior confirmed appointment with the Auctioneers Office. Interested parties are advised not to contact the tenants direct.

7 Victoria Road, Exmouth, Devon

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/