Auction House London

Lot 110

Flat - Flats / Apartments 

178 Albert Road

Plymouth, Devon, PL2 1AL

£160,000+

Guide Price (plus fees)

A Mixed Use Investment Comprising a Ground Floor Café and Two Self-Contained Flats On the First and Second Floors Fully Let Producing £21,712 Per Annum

Description

The property comprises a mid terrace building arranged as a ground floor café and two self-contained flats (1 x studio, 1 x one bedroom) on the first and second floors.

Tenure

Freehold

Location

The property is situated on a mixed use road close to local shops and amenities. Nearby multiples include Ladbrokes and Co-Op Food. The open spaces of Devonport Park are within easy reach. Transport links are provided by Devonport rail station.

Note

The property has not been inspected by Auction House London. All information including the internal photos have been supplied by the vendor.

EPC Rating

Café - D
Flat 2 - C
Flat 3 - D

Accommodation & Tenancy Schedule

Floor Accommodation Tenancy Current
Annual Rent
Ground (Cafe) Café Area, Storage, WC 65 sqm (700 sq ft) FRI Lease for a term of 3 years from 30th June 2022 £7,020
First (Flat 2) Studio Room, Kitchen, Bathroom 32 sq m (344 sq ft) 12 month AST from 14 Sept 2020 (holding over) £6,292
Second (Flat 3a) Bedroom, Open Plan Reception/Kitchen, Bathroom/WC 12 month AST from 24 Nov 2023 (holding over) £8,400

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For all enquiries, please contact Georgia at georgia@auctionhouselondon.co.uk
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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