Residential and Commercial Property Auction

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Thursday 30th Jul 2009

Property Auction commencing 2.00 p.m.at The New ContinentalHotel,Millbay Road,Plymouth

Lot 2 : 17, MAINSTONE AVENUE
Prince Rock, Plymouth, Devon

Guide Price Ł80000 - Ł90000

Freehold Residential Investment.
Entirety let as a single dwelling on an Assured Shorthold Tenancy.
A two bedroomed house situated in a well established and rapidly improving central residential district.
Enjoying the benefit of extensive grant aided repairs to the fabric of the building during the past 5 years or so including gas fired central heating, double glazing and a new roof surface.
Currently producing a gross rental income equating to £6900 per annum

Vendors Solicitors

Gill Akaster, 25 Lockyer Street, Plymouth, PL1 2QW Tel: 01752 203500
Fax: 01752 203503 DX: 8284 Plymouth
Reference: Mrs Alison Baker

Sole Agents

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

Mainstone Avenue is located on the eastern side of Cattedown Road in the heart of the fast improving residential district of Cattedown which is well placed for easy access to the City Centre about 1 mile distant.

Description

A compact mid terrace house extensively modernised and upgraded with grant aid about 5 years ago but would benefit from further refurbishment having been let to tenants for some time. The property is offered subject to the existing tenancy on an Assured Shorthold basis at a rent of £575 per calendar month.

Tenure

Freehold subject to existing tenancy.

Accommodation

Ground Floor Vestibule Entrance, Entrance Hall, Lounge, Dining Room and Kitchen.

First Floor Landing, No 1 Bedroom (double), No 2 Bedroom (double), Bathroom with bath and wash hand basin, and separate W.C.

Outside Rear garden with space for a car parking facility to be provided or for the erection of a garage subject to the necessary planning permission being obtained.