• Freehold Residential Investment

• Comprising 4 x 1 bed flats & 1 x 3 bed flat

• Gross Rent £38,700 pa

• Close to the Sea front, West Hoe Park, Hoe Promenade & Tinside Lido

• Within a mile of Plymouth City Centre

• To be offered for sale via Knight Frank Auctions on 7th May (unless sold or withdrawn prior)

Property Description

The property is in the predominately residential Hoe suburb within 1 mile of Plymouth City centre, close to the sea front. The property overlooks tennis courts with several shops 100 metres to the north.

The property comprises 5 flats – 4 x 1 beds & 1 x 3 bed proving the following: -

• Flats 1, 2, 3 & 4 all 1 beds
• Flat 5 x 3 beds on the 2nd & 3rd floors. Flat 5 has a balcony.

TENURE
Freehold

TENANCY
Flat 1 - let on an AST at £575 pcm (£6,900 pa)
Flat 2 - let on an AST at £550 pcm (£6,600 pa)
Flat 3 - let on an AST at £575 pcm (£6,900 pa)
Flat 4 - let on an AST at £575 pcm (£6,900 pa)
Flat 5 - let on an AST at £950 pcm (£11,400 pa)
Total Gross Rent - £3,225 pcm (£38,700 pa)

EPC
Flats 1,2,3,5 Ratings C / Flat 4 Rating D

VIEWINGS
By Appointment Only – Please email [email protected]

Location

The property is located on Garden Crescent, close to the sea front in West Hoe within 1 mile south of Plymouth City centre. The property overlooks tennis courts with several shops 100 metres to the north. The property is on Garden Crescent close to its junction with Eddystone Terrace and accessed via Grand Parade and Great Western Road.

Auction Details: The sale of this property will take place on the stated date by way of Auction and is being sold as on an Unconditional basis. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit of the purchase price, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully and take professional advice before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.