Residential and Commercial Property Auction

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Thursday 30th Apr 2009

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

Lot 12 : 242, NORTH ROAD WEST
Central Plymouth, Devon

Guide Price Ł140000 - Ł160000

Freehold residential investment with vacant possession
A substantial property with accommodation on 5 floors currently arranged for letting as a licensed house in mulitple occupation with 9 letting rooms
Alternatively could be let as two self contained maisionettes
Enjoying the benefit of central location within walking distance of the City Centre and the main campus of the University
Previously let in its entirety at a rent of £1700 per calendar month equating to a gross figure of £20,400 per annum but potential to produce a higher gross rental income if let as individual rooms
Gas fired central heating system, some upvc double glazing and electronic fire protection system in place

Vendors Solicitors

Gill Akaster, 25 Lockyer Street, Plymouth, PL1 2QW

Tel: 01752 203500

Fax: 01752 203503

DX: 8284 PLY2

Reference: Mrs Alison Baker

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

North Road West is located on the northern side of the City Centre within walking distance of most amenities and the main campus of the University.

Description

A spacious mid terrace property arranged as two self contained maisonettes, currently let as a house in multi occupational use but offered with vacant possession on completion. This property is capable of generating a high rental income when fully let.

Tenure

Freehold with vacant possession on completion.

Accommodation

Lower Ground Floor Separate Entrance via forecourt leading to Lower Hall, Front Room, Rear Room, communal Kitchen and Bathroom with W.C. Ground Floor Communal Vestibule Entrance and Communal Entrance Hall, Inner Hall, Front Room, Rear Room and Tenement Room. First Floor Landing, Front Room Right, Front Room Left, Rear Room and Shower Room with shower and wash hand basin. Second Floor Landing, Cloakroom with W.C., Communal Kitchen, Front Room Right and Front Room Left. Third Floor Loft Conversion Room with velux windows. Outside Enclosed rear garden including paved patio.