CITY CENTRE FIVE FLAT INVESTMENT OPPORTUNITY
Bartholomew Street West, Exeter, EX4 3BN
- 0
Key features
Guide Price: *
£350,000
Fees apply
Buyer's fee:£3,600
Admin fee:£1,140
All fees include VAT at 20%
Holding Deposit: *£1,400
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
† Traditional
Opening bid:
£350,000Bid history
0 bidsAn exciting opportunity to acquire a substantial income-producing investment property occupying a convenient position within easy reach of Exeter City Centre.
The property is currently arranged to provide four studio flats together with a one-bedroom flat, all of which are let and producing a combined current rental income of £36,900 per annum (£3,075 pcm). Of particular interest, the property also benefits from an integral garage and office room, adding further versatility and potential to an already attractive investment property opportunity. The property will appeal to established landlords, portfolio investors and purchasers seeking a high-yielding multi-unit residential investment in the heart of Exeter.
LOCATION
Situated on Bartholomew Street West, the property occupies a convenient position close to Exeter City centre and its extensive range of shops, restaurants, leisure facilities and transport connections. Exeter Central and St David’s railway stations are both within easy reach, together with the University of Exeter and the City’s principal employment centre.
ACCOMMODATION
Ground floor
Office: A single room let to a business for office/storage use.
Flat 1: Private flat entrance, bed/living room, kitchen, inner lobby, bathroom/WC.
First floor
Flat 2: Private flat entrance, kitchen/living room, bedroom, bathroom/WC.
Flat 3: Private flat entrance, hallway, bathroom/WC, inner hallway, kitchen, bedroom, living room.
Second floor
Flat 4: Private flat entrance, living room, inner hallway, kitchen, bathroom/WC, bedroom.
Flat 5: Private flat entrance, kitchen/breakfast room, hallway, bathroom/WC, bed/living room.
Outside
Integral garage.
TENURE
Freehold subject to tenancies.
TENANCY INFORMATION
Flat 1: Let on an assured periodic tenancy with current rents reserved of £425.00 per calendar month.
Flat 2: Let on an assured periodic tenancy with current rents reserved of £595.00 per calendar month.
Flat 3: Let on an assured periodic tenancy with current rents reserved of £550.00 per calendar month.
Flat 4: Let on an assured periodic tenancy with current rents reserved of £425.00 per calendar month.
Flat 5: Let on an assured periodic tenancy with current rents reserved of £675.00 per calendar month.
EPC
Flat 1: E
Flat 2: D
Flat 3: E
Flat 4: E
Flat 5: E
WHAT3WORDS
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MOBILE & BROADBAND COVERAGE
Broadband: Ultrafast available
Mobile: Good outside, may be variable inside.
Source: ofcom.org.uk
VIEWINGS
Block viewings available. Please call us on 01395 247000 to arrange.
IMPORTANT INFORMATION
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.
AUCTION LEGAL PACK & FINANCE
Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.
PRICE INFORMATION
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction). This reserve figure cannot be higher than 10% above a single figure guide. Please check our website regularly at www.247propertyauctions.co.uk or contact us on 01395 247000 for up to date information. At the fall of the hammer contracts are exchanged and there is no going back!
AUCTIONEER'S NOTE:
- Please refer to all legal documents for this Lot in case any additional fees and reimbursements are listed in addition to the purchase price.
An exciting opportunity to acquire a substantial income-producing investment property occupying a convenient position within easy reach of Exeter City Centre.
The property is currently arranged to provide four studio flats together with a one-bedroom flat, all of which are let and producing a combined current rental income of £36,900 per annum (£3,075 pcm). Of particular interest, the property also benefits from an integral garage and office room, adding further versatility and potential to an already attractive investment property opportunity. The property will appeal to established landlords, portfolio investors and purchasers seeking a high-yielding multi-unit residential investment in the heart of Exeter.
LOCATION
Situated on Bartholomew Street West, the property occupies a convenient position close to Exeter City centre and its extensive range of shops, restaurants, leisure facilities and transport connections. Exeter Central and St David’s railway stations are both within easy reach, together with the University of Exeter and the City’s principal employment centre.
ACCOMMODATION
Ground floor
Office: A single room let to a business for office/storage use.
Flat 1: Private flat entrance, bed/living room, kitchen, inner lobby, bathroom/WC.
First floor
Flat 2: Private flat entrance, kitchen/living room, bedroom, bathroom/WC.
Flat 3: Private flat entrance, hallway, bathroom/WC, inner hallway, kitchen, bedroom, living room.
Second floor
Flat 4: Private flat entrance, living room, inner hallway, kitchen, bathroom/WC, bedroom.
Flat 5: Private flat entrance, kitchen/breakfast room, hallway, bathroom/WC, bed/living room.
Outside
Integral garage.
TENURE
Freehold subject to tenancies.
TENANCY INFORMATION
Flat 1: Let on an assured periodic tenancy with current rents reserved of £425.00 per calendar month.
Flat 2: Let on an assured periodic tenancy with current rents reserved of £595.00 per calendar month.
Flat 3: Let on an assured periodic tenancy with current rents reserved of £550.00 per calendar month.
Flat 4: Let on an assured periodic tenancy with current rents reserved of £425.00 per calendar month.
Flat 5: Let on an assured periodic tenancy with current rents reserved of £675.00 per calendar month.
EPC
Flat 1: E
Flat 2: D
Flat 3: E
Flat 4: E
Flat 5: E
WHAT3WORDS
///hoot.host.allows
MOBILE & BROADBAND COVERAGE
Broadband: Ultrafast available
Mobile: Good outside, may be variable inside.
Source: ofcom.org.uk
VIEWINGS
Block viewings available. Please call us on 01395 247000 to arrange.
IMPORTANT INFORMATION
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.
AUCTION LEGAL PACK & FINANCE
Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.
PRICE INFORMATION
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction). This reserve figure cannot be higher than 10% above a single figure guide. Please check our website regularly at www.247propertyauctions.co.uk or contact us on 01395 247000 for up to date information. At the fall of the hammer contracts are exchanged and there is no going back!
AUCTIONEER'S NOTE:
- Please refer to all legal documents for this Lot in case any additional fees and reimbursements are listed in addition to the purchase price.
Summary
- Auction end
- 13th Oct at 10:30
- Property type
- Other
- Tenure
- Freehold
- Bedrooms
- 5
- Bathrooms
- 5
- Council tax band
- A
Guide Price: *
£350,000
Fees apply
Buyer's fee:£3,600
Admin fee:£1,140
All fees include VAT at 20%
Holding Deposit: *£1,400
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
† Traditional
Opening bid:
£350,000Bid history
0 bidsSummary
- Auction end
- 13th Oct at 10:30
- Property type
- Other
- Tenure
- Freehold
- Bedrooms
- 5
- Bathrooms
- 5
- Council tax band
- A
This property is being sold by:
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Proptech and 247 Property Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by 247 Property Auctions. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Proptech or any individual in employment with Bamboo Proptech makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
Pursuant to the Auctioneer Act 1845, this auction is being conducted by the auctioneer stated above. All participants in this online auction shall note that both the Auctions (Bidding Agreements) Act 1927 and 1969 shall apply.
Where stated in the bid box above, you agree that Bamboo may pre-authorise your card for the amount of the Buyer's fee and Deposit. You will only be charged if you are the winning buyer. We will release the pre-authorisation at the end of the auction. You card issuer may take up to 10 working days for this amount to be available to you in your account.