6 bedroom apartment for sale
Key information
Property description & features
- Tenure: Freehold
- GUIDE PRICE £360,000 (Plus Fees)
- Block of Apartments
- 6 Bedrooms
- Freehold
Block of 6 Apartments
Situated within the popular regeneration area of Devonport, with various modern developments nearby, is this opportunity to acquire an ongoing freehold investment property comprising of 6 self-contained apartments. Originally the old Admiral's Quarter, this grade 2 listed building is conveniently located close to the waters edge, regular transport links into Plymouth city centre and within easy reach of HMNB Dockyard. In addition to the 6 apartments, there is also the added benefit of outbuildings (which are currently used to house the washing facilities and for storage) as well as two basement areas. Whilst the building is being sold as an ongoing investment opportunity with tenants in situ, there is still further development potential to increase the value (subject to consents).
Tenure - Freehold
AUCTIONEERS NOTE
The sale is to include the freehold as well as the individual leasehold titles within the building. Further details are included within the legal pack which is free to download via our website. All 6 flats are let on AST Agreements and are currently producing a gross annual income of £42,720 PA (£3560pcm). The breakdown is as follows - Flat 1 £650 PCM Flat 2 £725 PCM Flat 3 £650 PCM Flat 4 £500 PCM Flat 5 £545 PCM Flat 6 £490 PCM The property has a variety of options including but not limited to, conversion into a House of Multiple Occupancy (Ideally located outside of the Article 4 Directive) or further development by converting the loft space or basement to create extra apartments as well as Flat 2 which can be split into two individual - all subject to necessary consents.
VIEWINGS - Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West T:[use Contact Agent Button] to request a viewing.
Legal Pack - Part of the auction legal pack is available to download. To register for the legal pack, please contact the office for more information.[use Contact Agent Button].
NOTICE TO BIDDER - Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.
FULL DETAILS - Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within our full details online on our website. All published information is to aid identification of the property and is not necessarily to scale
Energy Efficiency Rating (EPC) Current Rating Flat 1 - E, Flat 2 - D, Flat 3 - D, Flat 4 - D, Flat 5 - E, Flat 6 - D
Local Authority - Plymouth City Council
Solicitors - 22 Law Solicitors, 22 Front Street, Ref: Claire Stanton, [use Contact Agent Button]
Offered in association with Auction House South West
Important Notice to Prospective Buyers: - We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Places of interest
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Property reference S1119999. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Lang Town & Country Estate Agents - Plymouth.
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Broadband availability and predicted speed: obtained from Ofcom on June 12, 2023
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on June 16, 2023
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on April 2, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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