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 9 : 16 - 18 Oakfield Terrace Road
Cattedown, Plymouth, Devon

Guide Price £185,000 – £195,000

Freehold with vacant possession.
A substantial part commercial/part residential property providing an excellent development opportunity.
At present arranged as shop premises with benefit of A3 use together with spacious self contained living accommodation but potential for change of use and further subdivision subject to planning consent being obtained.
Occupying a prominent corner site in an area currently enjoying the benefit of regeneration.
Capable of producing a substantial rental income when fully let.

Vendors Solicitors

Wolferstans, Deptford Chambers, 60/66 North Hill, Plymouth, PL4 8EP Telephone: 01752 663295 Fax: 01752 250589 DX: 8206 Plymouth 1, Reference: Mr J T Chapman

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

This property occupies a prominent corner site at the junction of Tresillian Street and Oakfield Terrace Road on the eastern side of Cattedown Road and well placed for Plymouth City Centre which is readily accessible approximately 1 mile distant.

Description

A substantial part commercial/part residential property in the heart of Cattedown, a central district of the City currently enjoying the benefit of ongoing regeneration and rapidly becoming a sought after residential and commercial location affording many development opportunities. Previously utilised as a well established Fish and Chip shop with spacious centrally heated 4 bedroomed living accommodation this property readily lends itself for change of use and conversion subject to obtaining any necessary planning consent with the potential to become an excellent investment proposition capable of generating a high rental income when fully let.

Tenure

Freehold with vacant possession.

Accommodation

Ground Floor

Commercial Premises comprising: Sales Shop/Takeaway Area, Preperation/Utility Area, Kitchen Area and covered rear courtyard providing Potato Store/Freezer Room.

Self Contatined Living Accommodation comprising: Ground Floor Entrance Hall, Lounge, and Kitchen/Breakfast Room.

First Floor

Landing, No. 1 Bedroom (double), No. 2 Bedroom (double), No. 3 Bedroom (double), No. 4 Bedroom (single), Bathroom with bath, wash hand basin and W.C., and Shower Room with shower, wash hand basin and W.C.

Outside

Concreted forecourt, Small rear courtyard.