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Lot 128
Guide Price: £250,000*

Auction Date: Wednesday 15th September 2021

Auction Venue: Online Virtual Auction, remote bidding only

Auction Time: 12:00


26 Adelaide Street & The Old Forge, Stonehouse, Plymouth

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Property Description

A residential lettings opportunity to acquire the freehold Grade II Listed buildings comprising of 26 Adelaide Street, with two x 1 bedroom flats and a three bedroom maisonette on the upper floors, along with a link detached two bedroom house and associated shared courtyard garden area. The properties are all let on established rolling AST's generating a modest income of £21,360 pae, offering the potential for an uplift on the current rental income, or perhaps for a break-up and resale opportunity.


Situated

Adelaide street is centrally located in the Stonehouse area of the city and within walking distance to the vibrant Plymouth city centre, pannier market and Drake Circus Shopping Mall. Local transport links can be found close by including the main Plymouth bus and railway station. Central Park is also within close proximity and the Life Centre where you will find swimming and fitness facilities.

26 Adelaide Street

Ground Floor: Communal entrance hall and stairs to the upper floors. Ground Floor Flat: Lounge, kitchen, bedroom and shower room First Floor Flat: Lounge, kitchen, bedroom and bathroom Maisonette: Loungekitchen, bedroom and bathroom. Top Floor: Two further bedrooms.

The Old Forge

Ground Floor: Kitchen, bedroom two and bathroom. First Floor: Full size lounge with Juliette balcony, stairs to mezzanine level and main bedroom area.

Outside

Shared enclosed courtyard area with dual access.

Viewings

Strictly by prior appointment with Fulfords Drake Circus 01752 223355. General enquiries Countrywide Property Auctions 01395 275691. GET READY TO BID BY VISITING THE AUCTIONEERS WEBSITE

Tenure

Freehold


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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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