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5 bed Not Specified property

Available
For Sale
Listed Jul 8, 2025
£150,000
Available

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Description

"

**SOLD IN OUR LIVESTREAM AUCTION SIMILAR PROPERTIES REQUIRED***Guide Price £150,000 plus fees . For Sale by Unconditional Livestream Auction Tuesday 25th March 2025 at 14.00. A freehold investment opportunity with 3 flats, all let on ASTs and a rear enclosed yard! Legal Pack via our website.

Investment Opportunity

An extended freehold building comprising of three apartments, all let on AST Assured Shorthold Tenancy Agreements producing an approximate gross income of £23,220pa with opportunity for increase. The sale also includes an enclosed yard to the rear.

AUCTIONEERS NOTE Please note, the leasehold interest of the ground floor flat 112 Victoria Road is not included in the sale and has been sold off on a long lease 125 years from 1 January 2021 .

The first floor flat has a lease of 999 years from October 1990 however, the remaining two flats have no leases.

The sale includes the lease of the first floor and the freehold title of the whole building. Each flat has had a replacement boiler and further information can be found in the legal pack.

Current Rental Incomes

11 Lynher Street 1 bed flat with 1 shower room £525pcm
112a Victoria Road 2 bed flat with 1 bathroom & 1 shower room 625pcm
112b Victoria Road 2 bed flat with 1 bathroom & 1 shower room £785pcm

PLEASE NOTE Local search expected to be returned on 27 Mar 2025 .
ACCOMMODATION 11 LYNHER STREET

Lounge Kitchen 3.414m x 5.089m
Bedroom 3.372m x 3.930m
Shower Room 1.182m x 1.782m
Toilet 1.271m x 1.782m
Inner Hallway 1.416m 2.109m

112B VICTORIA ROAD
Living Room 3.922m x 5.082m
Kitchen 2.081 x 2.716m
Bedroom One 2.274 x 3.806
En Suite 2.013 x 1.469
Bedroom Two 3.783 x 2.968m
Bathroom 2.252 x 2.972
FULL DETAILS Photographs, Dimensions, Floor Plans and Area Measurements when available are included within our full details online on our website. All published information is to aid identification of the property and is not necessarily to scale.
VIEWINGS Please telephone Auction House South West on to request a viewing.
NOTICE TO BIDDER Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.

Tenure Freehold

EPC Rating 112 EPC D63, 112b EPC C69

Administration Fee £1200 inc VAT payable on exchange of contracts.

Buyer s Premium Fee £300 inc VAT payable on exchange of contracts.

Disbursements Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

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Property Location

Average Price
Crime
Nearby Schools
St Paul's Roman Catholic Primary School
0.2mi
Victoria Road Primary
0.2mi
Mount Tamar School
0.3mi
Marine Academy Primary
0.4mi
Marine Academy Plymouth
0.4mi
Nearby Stations
St Budeaux Victoria Road Station
0.3mi
St Budeaux Ferry Road Station
0.3mi
Saltash Station
1.0mi
Keyham Station
1.1mi
Dockyard (Devonport) Station
1.7mi
Schools
Stations
On the map
Road view

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