Lot 74 Freehold Investment Comprising Five Apartments With Parking And GardensAuction Date:
12th June 2024
12 Clifton Hill, Exeter, Devon, EX1 2DL
Currently fully let at £37,500 per annum
A substantial semi-detached period property located in a popular residential area in close proximity to Exeter city centre, RD&E hospital, Belmont park and local amenities. The property, now requiring refurbishment and perhaps reconfiguration of its current accommodation, is set over five floors and currently split into five fully let self-contained apartments, with gardens and off-road parking.
The property is likely to be of interest to investment buyers who may see further potential of its current accommodation, subject to all necessary planning consents being obtainable.
Basement
Basement Flat
Accessed from side exterior of property. Entrance hall, living room, kitchen, inner lobby, two bedrooms and bathroom.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £625 per calendar month.
Council Tax Band B
Ground Floor
Communal main entrance to lobby with entrance hallway and storage room.
Flat 1
Entrance hallway, living room, kitchen, shower room and bedroom.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £650 per calendar month.
Council Tax Band B
First Floor
Storage room.
Flat 2
Hallway, living room, kitchen, two bedrooms and bathroom.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £625 per calendar month.
Council Tax Band B
Second Floor
Storage room.
Flat 4
Hallway, living room, kitchen/dining room, bedroom with en-suite shower room and dressing room.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £675 per calendar month.
(We have been advised by the seller that the tenant has given notice to depart and will be vacating on 30th June.)
Council Tax Band A
Third Floor
Flat 5
Hallway, open-plan kitchen/dining/living room, bedroom and bathroom.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £550 per calendar month.
Council Tax Band A
Outside
The front of the property has a gravelled area with a further lawned mature garden adjacent to the property, whilst to the rear is a lawned garden and off-road car parking for several cars.
Local Planning Authority
Exeter City Council. Tel: 01392 265223. Website: exeter.gov.uk.
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
