Residential and Commercial Property Auction

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Thursday 26th Jul 2007

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

Lot 6 : Apartment 3, 94 Vauxhall Street
The Barbican, Plymouth, Devon

Guide Price Circa £130,000 – £140,000

On the instructions of Steve Parker of Tenon Recovery and Neil Money of C.B.A. Joint Administrators of Ritz Developments Limited
Long leasehold with vacant possession.
A self contained one bedroomed first floor flat in an outstanding location overlooking Sutton Harbour.
Part of a Grade II Listed Building recently converted to provide 6 luxury apartments.
Enjoying the benefit of a waterfront location yet within easy walking distance of the City Centre.
Sympathetically refurbished to enhance the character of the building yet well fitted to a superior specification.
Ideally suited for owner occupation or for letting purposes with the potential to generate a good rental income.

Vendors Solicitors

Philip Ross & Co, 4 Chandos Street, London, W1A 3BQ Telephone: 020 7636 6969 Fax: 020 7637 2678 DX: 9012 West End Reference: Mr. Alun Williams

Sole Agents

Shobrook & Co Ltd and Edward Symmons LLP

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

This property occupies a prominent corner site at the junction of Vauxhall Street and Sutton Harbour within easy walking distance of the historic and vibrant Barbican district and Plymouth City Centre.

Description

A centrally heated and attractively fitted first floor flat benefiting from outstanding views over Sutton Harbour. Part of an imaginative conversion of a waterfront property, this one bedroomed apartment is well suited for owner occupation or for letting purposes as a residential investment proposition capable of generating a high rental income when let. An electronic fire safety system and an entry phone system have been provided.

Tenure

Long leasehold with vacant possession. Term of lease 125 years from 1st January 2004 at an escalating ground rent, initially £250 per annum for the first 25 years of the term.

Accommodation

Ground Floor

Communal Entrance Hall and Staircase serving the five apartments in this part of the building.

First Floor

Apartment 3 is a self contained flat on the first floor of the building comprising: Open plan Entrance Lobby / Living Room with Juliette Balcony , fully fitted Kitchen/Breakfast Room with extensive range of units, fittings and appliances to a superior specification, double Bedroom, Shower Room with shower cubicle, wash hand basin, W.C. low level suite and other features; and separate Laundry cupboard housing washing machine and Jaguar combi boiler supplying central heating and domestic water.