Unsold, the last bid was £840,000. Please refer to Auctioneer for Reserve

By Order of a Housing Association

A freehold block of 13 x 1 bedroom flats and 7 x studio flats (approximately 11,324 sq ft), development potential, vacant

Description/Location

Situated in an established residential area within 500m of the University of Plymouth campus the property requires some refurbishment but presents an opportunity to create additional flats utilising communal parts and by adding another floor, subject to the usual consents.

Tenure

Freehold

Local Authority

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Accommodation

Ground Floor: 4 offices (1 with kitchen and wc), 6 x 1 bed, 3 x studio. First Floor: Communal lounge, store room, 7 x 1 bed, 4 x studio.

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.