Lot 10 - 5 FORD PARK ROAD MUTLEY,, PLYMOUTH, DEVON PL4 6QY

Guide Price : £200,000 - £225,000
Sold : £261,000
MUTLEY,, PLYMOUTH, DEVON, PL4 6QY

Features

  • Freehold Residential Investment
  • A substantial property arranged as 4 self contained flats
  • Situated in a prime letting district just off Mutley Plain and within easy reach of Plymouth City Centre only about 1 mile distant
  • At present fully let and producing a gross rental income equating to approximately £19,900 per annum with scope for future rental growth

Tenure : Freehold

Freehold subject to existing tenancies at date of completion.

Property details

Location

Ford Park Road is situated on the western side of Mutley Plain which is a busy district shopping centre popular with Plymouth University students and well placed for the City Centre.

Description

A spacious property with accommodation on four floors arranged as 4 self contained flats. The property is offered subject to the existing Assured Shorthold tenancies which at the time of going to print are as follows:

  • Flat 1 (Lower Ground Floor) – Let at a rent of £140 per week
  • Flat 2 (Ground Floor) - Let at a rent of £110 per week
  • Flat 3 (First Floor) - Let at a rent of £61.10 per week
  • Flat 4 (Second Floor) - Let at a rent of £71.71 per week

Rental payments are inclusive of water and sewerage charges paid by the landlord and in the case of the ground floor flat inclusive of gas charges.

In the longer term there is undoubted potential to upgrade and refurbish the accommodation in places with a view to achieving enhanced rental return.

This property enjoys the benefit of a hard wired fire safety system and an enclosed rear garden.

Tenure

Freehold subject to existing tenancies at date of completion.

Accommodation

Lower Ground Floor:

A self contained lower ground floor flat comprising: Vestibule Entrance, Entrance Hall, No.1 Bedroom, No.2 Bedroom, Sitting Room, Kitchen, Bathroom and separate W.C.

Ground Floor:

Communal Vestibule Entrance and Entrance Hall. A self contained ground floor flat comprising: Sitting Room, No.1 Bedroom, Inner Hall, No.2 Bedroom, Kitchen and Bathroom with W.C.

First Floor:

A self contained first floor flat comprising: Sitting Room, Kitchen, Inner Lobby, Bedroom and Bathroom with W.C.

Second Floor:

A self contained second floor flat comprising: Sitting Room, Kitchen, Bedroom and Shower Room with W.C.

Outside

Small front garden and larger enclosed rear garden.

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

  • Status : Sold
  • Result : £261,000

  • Residential Property Auction
  • Auction Date : Thursday 21 Jul 2016
  • Auction Start Time : 14:00
  • Auction Venue : The New Continental Hotel, Millbay Road, , Plymouth,, PL1 3LD

Vendor Solicitors Information

Kings Solicitors, 24,
Fore Street,
Ivybridge,
PL21 9AB

Tel: 01752 895252
Fax: 01752 690770

Reference: Richard King

Sole Agents Information

Shobrooks

EPC Ratings

Lower Ground Floor Flat 1
D67
Ground Floor Flat 2
D64
First Floor Flat 3
F33
Second Floor Flat 4
D59