Residential and Commercial Property Auction

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Thursday 18th Sep 2008

Property Auction- Commencing 2.00pm at the New Continental Hotel, Millbay Road, Plymouth.

Lot 17 : 23, PRINCE MAURICE ROAD
Mutley, Plymouth, Devon

Guide Price Ł155000 - Ł160000

Freehold with vacant possession
A substantial bay fronted property currently arranged for letting to students as a house in multi occupational use
A well presented property in a favoured central location within easy reach of the main campus of the University and the City Centre
At present vacant but arranged for letting to 5 students and capable of producing a substantial rental income when fully let and generating a gross rental income equating to approx £14250 per annum for the last academic year
Enjoying the benefit of a Grade A listing with the University together with gas fired central heating, UPVC double glazing and an electronic smoke detector system

Vendors Solicitors

Thompson & Jackson 4&5 St Lawrence Road Plymouth PL4 3HS

Tel: 01752 665037 Fax: 01752 670312

DX: 8232 Plymouth1

Reference: Mr Adrian Stroud

Sole Agents

Shobrook & Co Ltd

All plans and maps are for location identification purposes only and they do not form part of any contract. They do not necessarily indicate the precise boundaries of each site.

Location

Prince Maurice Road is located between Queens Road and Alexandra Road which is a well established residential district and a prime letting area much favoured for student letting due to its close proximity to the main campus of the University and the Mutley Plain district shopping centre with a host of facilities catering for the student market.

Description

This spacious property enjoys a Grade A listing with the University and in the immediate past has been let to 5 students to generate a substantial rental income.

Alternatively it lends itself for letting to the wider market or for conversion back to a good sized family dwelling.

Tenure

Freehold with vacant possession.

Accommodation

Ground Floor

Vestibule Entrance, Entrance Hall. No 1 Bedroom (double), No 2 Bedroom (double) and Cloakroom with wash hand basin and W.C. low level suite.

Lower Ground Floor (rear garden level)

Lower Hall, communal Lounge/Dining Room, Kitchen and Laundry/Utility Room.

First Floor

Half Landing, Shower Room with shower, wash hand basin and W.C. low level suite, Landing, No. 3 Bedroom (double), No. 4 Bedroom (double) and No. 5 Bedroom (single)

Outside

Enclosed rear courtyard garden Outbuildings Garden Shed