Residential and Commercial Property Auction

Location

Lipson Terrace is a select cul-de-sac of imposing buildings fronting its own exclusive access road at the junction of Lipson Road and Mount Gould Road, and opposite Freedom Park. Plymouth City Centre is readily accessible approximately 1 mile distant.

Description

A substantial double fronted building of undoubted character with accommodation arranged on 3 floors and providing 3 spacious flats. This superior residential investment property is fully let and it is offered subject to the existing tenancies as follows:

Ground Floor Flat: Let on an Assured Shorthold Tenancy Agreement at a current rent of £275 per calendar month exclusive.

First Floor Flat: Let on a protected Rent Act Tenancy at a current rent of £350 per calendar month exclusive which is a registered rent registered by the Rent Officer on 26 September 2006 and effective from that date.

Second Floor Flat: Let on an Assured Shorthold Tenancy Agreement at a current rent of £425 per calendar month exclusive.

Tenure

Freehold subject to existing tenancies.

Accommodation

Ground Floor

Communal Vestibule Entrance and Entrance Hall.

A non self contained Ground Floor Flat comprising

Living Room, Kitchen, No. 1 Bedroom (double), No. 2 Bedroom (double), Bathroom and Separate W.C.

First Floor

Half Landing and Landing.

A non self contained First Floor Flat comprising

Hall, Living Room, Dining Room, Kitchen, No. 1 Bedroom (double), Lobby, No. 2 Bedroom (double), Bathroom and Separate W.C.

Second Floor

A self contained Second Floor Flat comprising

Hall, Living Room, Kitchen, No. 1 Bedroom (double), No. 2 Bedroom (double), Study/No. 3 Bedroom (single) and Bathroom with W.C.

Outside

Rear courtyard and garden. Outbuildings Various Stores.