LOT
12

23 Marlborough Street, Plymouth PL1 4AE

Sold After
 

Sold After

About this property

An excellent investment opportunity situated in a popular central location currently comprising of a ground floor shop, with storage area and staff room (currently let and generating an income of £5,200 pae) with the upper floors being loosely arranged as three units of residential accommodation, with the top floor flat generating £65 per week/£3,380 pae and the two middle floors being currently vacant and offering the potential to increase the overall yield. The property has the benefit of a rear courtyard with the garage currently being let at £20 per week/£1040 pae. Although the property would benefit from a programme of modernisation it will doubtlessly appeal to the career lettings investor and also to builder/developers looking for a post works break-up and resale opportunity.

Addendum To Printed Catalogue

The Guide Price has been amended to £135,000+ as of the 31st August 2017.
Shop EPC Rating E


Location

Marlborough Street is situated in the Devonport area of the city, within easy reach of the Torpoint and cross channel Ferries and in turn the facilities and amenities of Stoke Village and Plymouth city centre beyond.

Ground Floor

Retail unit comprising of main trading area, storage area and staff room.

First Floor

Flat 1: Entrance hall, lounge/diner, kitchen, bedroom and shower room.

Second Floor

Flat 2: Landing, open plan lounge/diner/bedroom, kitchen, inner hallway and shower room.

Third Floor

Flat 3: Landing, lounge/bedroom with en-suite bathroom, kitchen/diner.

Outside

Rear courtyard area with access to the service lane. Garage.

EPC

Shop - Energy Efficiency Rating - TBC
Flat 1 - Energy Efficiency Rating - E
Flat 2 - Energy Efficiency Rating - D
Flat 3 - Energy Efficiency Rating - D

Auction Valuer

Wendy Alexander

Viewing

Strictly by appointment with Countrywide Property Auctions 0151 734 7509 (Monday-Friday); Miller Countrywide Plymouth 01752 668242 (Weekends).

GUIDE PRICES & RESERVE PRICES

Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

23 Marlborough Street, Plymouth PL1 4AE

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* Guide Price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve Price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Buyers Fee

A successful purchaser will also be required to pay a Buyer’s Administration Charge of 1.2% of the purchase price subject to a minimum fee of £1,800 including VAT (unless stated otherwise within the property description in the catalogue) by debit card or bank transfer.

Legal Packs

You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees).