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Lot 113
Guide Price: £300,000*

Auction Date: Thursday 16th July 2020

Auction Venue: Sandy Park Conference Centre, Exeter, Devon EX2 7NN

Auction Time: 13:00


70 Cranford Avenue, Exmouth, Devon

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Property Description

A fabulous freehold investment opportunity, on the market for the first time in 47 years, comprising of a ground floor launderette, with a long established tenant in situ, leased until 2034, along with a well presented and maintained 6 bedroom licensed HMO on the first and second floors, with full gas central heating. A rear garden area and car parking. The whole generating an income of circa £36,000 pae when fully let.


Location

The thriving and ever popular seaside town of Exmouth offers a vibrant town centre, harbour and glorious sandy beach, with excellent public transport links to Exeter city centre, the A30/A38/M5 road networks, mainline railway stations and Exeter Airport.

Ground Floor

Launderette: Main launderette, rear store and boiler room, wc and access to the rear garden area. Communal entrance hall leading to the upper floors.

First Floor

Landing, communal kitchen/diner/sitting room with external staircase to the rear garden, three en-suite double bedrooms.

Second Floor

Landing, three further bedrooms each with a wash hand basin and hot and cold water, communal shower room and wc.

Outside

Rear courtyard area, small garden and car parking.

EPC

Energy Efficiency Ratings: Non Domestic Energy Efficiency Rating - C Domestic Energy Efficiency Rating - D

Auction Valuer

Wendy Alexander

Viewing Arrangements

External viewings only. General enquiries Countrywide Property Auctions 07834 039353. GET READY TO BID BY VISITING THE AUCTIONEERS WEBSITE

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* Guide Price

An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve Price

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Buyers Fee

A successful purchaser will also be required to pay a Buyer’s Administration Charge of 1.2% of the purchase price subject to a minimum fee of £1,500 including VAT (unless stated otherwise within the property description in the catalogue) by debit card or bank transfer.

Legal Packs

You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees).

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