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 12 : 3 Lipson Road
Lipson, Plymouth, Devon

Guide Price £170,000 – £185,000

Freehold with vacant possession.
A spacious property of considerable character at present arranged as a flat and a maisonette.
Well suited for refurbishment for owner occupation or for letting purposes to generate high rental income.
Situated in a favoured and well established residential location within easy reach of the City Centre and main campus of the University.
Still retaining various original features and benefitting from gas fired central heating to ground floor flat.

Vendors Solicitors

Howard & Over, 61 Fore Street, Ivybridge, Devon, PL21 9AE Telephone: 01752 690123 Fax: 01752 690589 DX: 81452 Ivybridge, Reference: Mr C P Mossop

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

The property is situated on the northern side of Lipson Road at its City Centre end and close to its junction with Greenbank Road and Tothill Avenue and within walking distance of the City Centre.

Description

A substantial bay fronted property of considerable character located in a favoured and well established central residential district.

Although in need of repair and modernisation this property lends itself for refurbishment as a single dwelling or as self contained flats (subject to any necessary consents being obtained) for owner occupation or for letting purposes, in the latter case having the potential to generate a high rental income when fully let as an attractive residential investment proposition.

Tenure

Freehold with vacant possession.

Accommodation

Ground Floor

Communal Vestibule Entrance and Communal Entrance Hall.

A non self contained Centrally Heated Ground Floor Flat comprising

Living Room, Bedroom, Breakfast Room, Kitchen, Bathroom with bath and wash hand basin and W.C.

First and Second Floors

A self contained Maisonette comprising.

First Floor

Landing, Living Room, No. 1 Bedroom, Half Landing, Kitchen/Breakfast Room, Bathroom with bath and wash hand basin and Separate W.C.

Second Floor

Landing, No. 2 Bedroom, No. 3 Bedroom and No. 4 Bedroom.

Outside

Small front garden. Enclosed rear courtyard.

Outbuildings

2 Stores.