Lot 110
    Flat
    178 Albert Road
    Plymouth, Devon, PL2 1AL
    Sold for £180,000.
     
    Number 1
    A Mixed Use Investment Comprising a Ground Floor Café and Two Self-Contained Flats On the First and Second Floors Fully Let Producing £21,712 Per Annum

    Description

    The property comprises a mid terrace building arranged as a ground floor café and two self-contained flats (1 x studio, 1 x one bedroom) on the first and second floors.

    Tenure

    Freehold

    Location

    The property is situated on a mixed use road close to local shops and amenities. Nearby multiples include Ladbrokes and Co-Op Food. The open spaces of Devonport Park are within easy reach. Transport links are provided by Devonport rail station.

    Note

    The property has not been inspected by Auction House London. All information including the internal photos have been supplied by the vendor.

    EPC Rating (Free Text)

    Café - D
    Flat 2 - C
    Flat 3 - D

    Accommodation & Tenancy Schedule

    Floor Accommodation Tenancy Current
    Annual Rent
    Ground (Cafe) Café Area, Storage, WC 65 sqm (700 sq ft) FRI Lease for a term of 3 years from 30th June 2022 £7,020
    First (Flat 2) Studio Room, Kitchen, Bathroom 32 sq m (344 sq ft) 12 month AST from 14 Sept 2020 (holding over) £6,292
    Second (Flat 3a) Bedroom, Open Plan Reception/Kitchen, Bathroom/WC 12 month AST from 24 Nov 2023 (holding over) £8,400
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    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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