MIXED RESIDENTIAL AND COMMERCIAL INVESTMENT OPPORTUNITY
29-33 Segrave Road, Plymouth, PL2 3DR
- 5
Guide Price: *
£310,000
Fees apply
Buyer's fee:£3,600
All fees include VAT at 20%
Holding Deposit: *£1,400
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£310,000Bid history
1 bidJ
21/09/2024 08:09:04 - £310,000
A superb fully let investment opportunity being this two storey mixed residential and commercial property located in a popular residential and lettings area enjoying an annual income of circa £33,460pa (please refer to legal pack).
The property, which briefly comprises three retail units and three two bedroom apartments, also benefits from car-parking and three garages to the rear and is a ready-to-go investment with further rental uplift potential.
ACCOMMODATION
29 Segrave Road:
Basement (LGF): Storage room, WC.
Ground floor: Main retail area with stairs leading down to LGF.
First floor (residential): Kitchen, living room, two bedrooms, bathroom/WC.
31 Segrave Road:
Basement (LGF): Storage room, WC.
Ground floor: Main retail area with stairs leading down to LGF.
First floor (residential): Kitchen, living room, two bedrooms, bathroom/WC.
33 Segrave Road:
Basement (LGF): Storage room, WC.
Ground floor: Main retail area with stairs leading down to LGF.
First floor (residential): Kitchen, living room, two bedrooms, bathroom/WC.
Outside
Car-parking area, three garages and three stores to rear.
SERVICES
We understand that mains electricity, gas, water & drainage are present at the property.
TENURE
Freehold subject to tenancies.
TENANCY SCHEDULE
Commercial:
UNIT 29: Let to Appliance Doctor SW Ltd on a 6-month FRI agreement (holding over) having commenced on 01/01/2018 with rents reserved of £6,000pa.
UNIT 29 Garage: Let to Appliance Doctor SW Ltd on an informal arrangement having commenced on 01/06/2020 with rents reserved of £360pa.
UNIT 31: Let to an individual Tattoo Parlour on a 2-year FRI tenancy agreement having commenced on 06/01/2022 with rents reserved of £7,500pa.
Residential:
29a (First floor): Let to an assured short-hold tenancy agreement dated from 31/07/2015 with rents reserved of £4,800pa.
31a (First floor): Let to an assured short-hold tenancy agreement dated from 21/09/2021 with rents reserved of £4,800pa.
Residential & Commercial:
33 (Shop & flat): Let to an individual on a 15 year lease with 3 yearly rent reviews dated from 24/11/2016 with rents reserved of £12,000pa.
EPC
Ratings: 29 = D; 29a = D; 31 = B; 31a = D; 33 = D; 33a = E.
WHAT3WORDS them.matter.nights
IMPORTANT INFORMATION
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.
AUCTION LEGAL PACK & FINANCE
Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.
PRICE INFORMATION
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction). This reserve figure cannot be higher than 10% above a single figure guide. Please check our website regularly at www.247propertyauctions.co.uk or contact us on 01395 247000 for up to date information. Following the fall of the hammer contracts are exchanged and there is no going back!
AUCTIONEERS NOTE
Please note that the tenants of Flat 31A have been served with a Section 21 Notice.
Summary
- Auction end
- 21st Sep at 08:14
- Property type
- Other
- Tenure
- Freehold
- Bedrooms
- 6+
- Bathrooms
- 6+
- Council tax band
- Ask Agent
Summary
- Auction end
- 21st Sep at 08:14
- Property type
- Other
- Tenure
- Freehold
- Bedrooms
- 6+
- Bathrooms
- 6+
- Council tax band
- Ask Agent
This property is being sold by:
247 Property Auctions
01395247000
info@247propertyauctions.co.uk
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and 247 Property Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by 247 Property Auctions. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
