MIXED RESIDENTIAL AND COMMERCIAL INVESTMENT PROPERTY
63 & 64 Notte Street, Plymouth, PL1 2AG
- 11
Key features
Guide Price: *
£100,000
Fees apply
Buyer's fee:£3,600
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
Sold for:
£91,000Bid history
2 bidsHThis is an automatic bid as the bidder has set a maximum bid for this lot
26/03/2025 14:29:44 - £91,000
M
25/03/2025 15:51:39 - £90,000
A deceptively spacious four-storey property briefly comprising of a Thai restaurant on the ground floor with three further floors of accommodation above. The property is sold subject to a lease of the entirety of the building but offers graphic scope and potential, following refurbishment and repair, to create an enviable investment proposition, subject to of course gaining vacant possession and subject to all necessary consents being obtainable.
ACCOMMODATION
COMMERCIAL
Ground Floor: Main restaurant, commercial kitchen, utility room, storage room.
First Floor: Dining room.
RESIDENTIAL
Ground floor: Stairs rise to upper floors.
FIRST FLOOR
Landing, 2 x cloakroom/WC, storage room.
SECOND FLOOR
Landing, bedroom, bathroom.
THIRD FLOOR
Landing, kitchen, bedroom.
FOURTH FLOOR
Room.
TENURE
Freehold subject to lease.
LEASE INFORMATION
Remainder of a 12 year lease dated from 31st January 2023 to Thai-ish Ltd with rents reserved of £1,566.67 per calendar month (not currently trading and in rent arrears).
EPC's
Rating: D.
WHAT3WORDS
BROADBAND & MOBILE COVERAGE
Broadband: Ultrafast available
Mobile: Likely inside. Likely outside.
Source: ofcom.org.uk
VIEWINGS
Please call on 01395 247000 to book into one of the scheduled block appointments.
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. Following the fall of the hammer contracts are exchanged and there is no going back!
AUCTIONEER NOTES
- Please check the auction pack and special conditions of sale in particular which may or may not detail additional charges or reimbursement costs being applicable.
- There is a prohibition notice in relation to the second and third floors not being currently allowed for sleeping purposes. Please refer to auction legal pack for further information.
- The tenant is currently in rental arrears so buyer must make and rely upon their own investigations and advice. Please refer to auction legal pack for further information.
Summary
- Auction end
- 27th Mar at 12:00
- Property type
- Other
- Tenure
- Freehold
- Bedrooms
- 2
- Bathrooms
- 2
- Council tax band
- Ask Agent
Summary
- Auction end
- 27th Mar at 12:00
- Property type
- Other
- Tenure
- Freehold
- Bedrooms
- 2
- Bathrooms
- 2
- Council tax band
- Ask Agent
Joint Agent
†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 Auctions 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.
Refreshing the Page
To make sure that you are seeing the latest information for the property, we recommend you refresh the page. This ensures you're seeing live information and not stored (cached) data. If the page disconnects from the Internet, refreshing the page will show the latest information.
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 Auctions or any individual in employment with Bamboo Auctions 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.