Property description

A residential investment opportunity comprising of a converted mid terrace property, arranged as a ground floor two bedroom flat, 2 x one bedroom first floor flats and a top floor studio flat. All of the flats are currently let and generating an income of £23,400 pae with the potential for an uplift on the current rents passing to circa £26,500 pae. The property is conveniently located for Exmouth town centre, the seafront and the railway station in this popular residential lettings area.

Situated
The thriving seaside town of Exmouth offers a wide range of shopping, educational and leisure facilities catering for all age groups, including its 3 miles of glorious sandy beaches and marina, with road and rail links to Exeter and in turn the A30/A38/M5 road networks.

Ground Floor
Entrance vestibule, communal hallway and stairs rising to all floors.

Flat 1: Entrance hall, sitting room, kitchen, two bedrooms, rear lean-to leading to the courtyard garden.

First Floor
Flat 2: Entrance hall, lounge/kitchen/diner, bedroom with recessed shower cubicle, separate cloakroom.

Flat 3: Entrance hall, lounge/kitchen/diner, bedroom and shower room.

Second Floor
Flat 4: Open plan living/bedroom area and shower room

Outside
Walled frontage providing bin storage facilities for all flats and a rear courtyard solely for the use of the ground floor flat.

Viewings
Strictly by prior appointment with Fulfords Exmouth . General enquiries Countrywide Property Auctions .

EPC ratings
Flat 1 - C, Flat 2 - E, Flat 3 - D, Flat 4 - F

get ready to bid by visiting the auctioneers website

guide prices & reserve prices

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.
Amenities

Countrywide Are Pleased To Offer For Sale By Public Auction On : Thursday, 07 April 2022 at

Virtual Livestream Online Auction

Lot Number : 125

Residential Investment

Freehold

£250,000 +