Guide price
£45,000
Studio for saleRegent Street, Plymouth, Devon PL4
1 bath
EPC Rating: D
Just added
Auction
Leasehold
About this property
Town Centre Location
Investor Opportunity
Vacant studio apartment - Perfect Investment Opportunity!
This larger than average studio apartment is being sold with vacant possession making this an ideal investment, with the potential rental income of £650 per calendar month.
Fantastic buy to let investment opportunity, within close commute to Plymouth City Centre as well as Plymouth University. Would make a fantastic low maintenance apartment for the new potential owner.
The property briefly comprises of a communal entrance, lift access, shower room, fully fitted kitchen and living room/bedroom.
While the property does not include parking, its proximity to public transport links and the town centre minimises the need for a private vehicle.
For an internal viewing call Miller Countrywide today!
Agency Notes:
Cash Buyers Only - Due to the size of the apartment.
Remaining Years on the Lease - 103
Annual Service Charge - £1600
Annual Ground Rent - £50
Terms and Conditions:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
This larger than average studio apartment is being sold with vacant possession making this an ideal investment, with the potential rental income of £650 per calendar month.
Fantastic buy to let investment opportunity, within close commute to Plymouth City Centre as well as Plymouth University. Would make a fantastic low maintenance apartment for the new potential owner.
The property briefly comprises of a communal entrance, lift access, shower room, fully fitted kitchen and living room/bedroom.
While the property does not include parking, its proximity to public transport links and the town centre minimises the need for a private vehicle.
For an internal viewing call Miller Countrywide today!
Agency Notes:
Cash Buyers Only - Due to the size of the apartment.
Remaining Years on the Lease - 103
Annual Service Charge - £1600
Annual Ground Rent - £50
Terms and Conditions:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
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Monthly repayment
£225 per month
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More information
Tenure
Leasehold (103 years)
Service charge
£1,600 per year
Council tax band
A
Ground rent
£50
Ground rent date of next review
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