Lot 8 - 3 SUSSEX PLACE THE HOE, PLYMOUTH, Devon PL1 2HT

Guide Price : Circa £140,000
THE HOE, PLYMOUTH, Devon, PL1 2HT

Features

  • A substantial freehold residential investment property of character
  • An imposing building arranged as four self contained flats, two of which have been sold on long leaseholds and two of which have been let on Assured Shorthold tenancies
  • Situated in a quiet cul-de-sac in a prime letting district in close proximity to Plymouth Hoe and the City Centre
  • Currently fully let and producing a gross rental income including ground rents equating to approximately £11750 per annum

Tenure : Leasehold

The property is offered subject to existing long leases and Assured Shorthold tenancies which at the time of going to print are as follows:-

Lower Ground Floor Flat (Flat 1) subject to a long lease for a term of 999 years from 7th August 1984 at a ground rent of £50 per annum.

Ground Floor Flat (Flat 2) subject to a long lease for a term of 999 years from 22nd November 1984 at a ground rent of £50 per annum.

First Floor Flat (Flat 3) let on an Assured Shorthold tenancy at a rent of £510 per calendar month.

Second Floor Flat (Flat 4) let on an Assured Shorthold tenancy at a rent of £460 per calendar month.

Property Details

Location

Sussex Place is situated off Citadel Road within easy walking distance of the City Centre and the waterfront along Plymouth Hoe and the Barbican.

Description

A bay fronted building arranged as four self contained flats and enjoying the benefit of a favoured central location in the heart of a well established residential area popular for both owner occupation and for letting purposes.

Accommodation

Lower Ground Floor Flat subject to a long lease

Ground Floor Flat subject to a long lease

A self contained First Floor Flat comprising:

Entrance Lobby, Sitting Room/Kitchen combined, Bedroom (double) and Shower Room with shower, wash hand basin and W.C.

A self contained Second Floor Flat comprising:

Landing, Sitting Room/Kitchen combined, Bedroom (double) and Bathroom with bath, wash hand basin and W.C.

For illustrative purposes only and not necessarily correct in every detail. NOT TO SCALE
Prospective purchasers should satisfy themselves as to the actual layout by personal inspection. This plan is provided for location identification purposes only. It does not necessarily indicate the precise boundaries of the site.

Auction Information


  • Residential Property Auction
  • Auction Date : Thursday 10 Oct 2019
  • Auction Start Time : 14:00
  • Auction Venue : The New Continental Hotel, The New Continental Hotel, Millbay Road, Plymouth, PL1 3LD

Vendor Solicitors Information

WOLFERSTANS,
Deptford Chambers,
60/66 North Hill,
Plymouth,
PL4 8EP

Tel: 01752 663295
Fax: 01752 672021

Reference: Nikki Cobb

Sole Agents Information

Shobrooks

EPC Ratings

First Floor Flat
D67
Second Floor Flat
E43