For sale by Public Auction on the 15 February 2024 at Virtual Livestream Online Auction.
A high yielding multi faceted freehold investment opportunity, comprising of four x one bedroom flats, a ground floor retail premises, garage and additional enclosed yard space with 2 vacant storage facilities offering the potential for further income/potential redevelopment subject to any requisite consents. The retail unit, all four flats and the garage are currently let and generating a combined income of £2,795 pcm/£33,540 pae.
Marlborough Street is situated in the heart of Devonport offering a wide selection of shops, mini supermarkets and food outlets. Set in the historic Naval Quarter of Plymouth the area is home to HMNB Devonport and is a regenerating neighbourhood with many of its historic buildings having been converted into luxury apartments.
Ground Floor - Self contained shop unit comprising of main retail area, inner hallway/storage with access to the rear courtyard and a rear office/storage area, totalling 73 square metres and with a VOA rating of £8,000.
Separate access to the communal entrance hall to the flats and stairs rising to all floors.
First Floor - Communal landing with access to the fire escape.
Flat 1: Open plan lounge/kitchen/diner, double bedroom and shower room.
Flat 2: Entrance hall, open plan lounge/kitchen/diner, double bedroom and shower room.
Second Floor - Flat 3: Entrance hall, open plan lounge/kitchen/diner, double bedroom and shower room.
Third Floor - Flat 4: Living room, kitchen, double bedroom and bathroom.
Outside - Fully enclosed rear courtyard with two vacant storage facilities, WC, yard space and garage (currently let).
Viewings - Strictly by prior appointment with Fulfords St Budeaux . General enquiries Countrywide Property Auctions .
EPC RATINGS - Shop - E, Flat 1 - D, Flat 2 - D, Flat 3 - C, Flat 4 - E
Council Tax Bands - All flats individually rated band A
Retail VOA rateable value £8,000
Tenure - Freehold