Guide price

£40,000

Studio for sale
St Peters Court, King Street, Plymouth PL1

1 bath
  1. Property photo 1 of 6.

Points of interest

Property location

Nearby amenities

  • St Peter's CofE Primary School0 miles
  • Plymouth School of Creative Arts0.2 miles
  • Plymouth Ferry Terminal0.5 miles
  • Plymouth Stonehouse Ferry Terminal0.6 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Super investment
  • Yield of Over 9%
  • Ready to Rent Out
  • City Centre Location
  • Studio Apartment
  • Recently Decorated
  • Long Lease
  • Being Sold by Modern Method of Auction
Summary ***investor alert!*** With vacant possession, this studio apartment is ready for new owner and tenant alike. In central location, book your viewing today! Offered for a starting bid of £45,000 via iam sold Auctioneers. Non-business buyers only due to covenant in lease.

Entrance hall With front entrance door, doors through to:

Shower room A three-piece suite comprising shower cubicle, WC and wash-hand basin with extractor unit.

Lounge/bedroom With wall-mounted fold-out bed, electric heater, double-glazed window and access to:

Kitchen A basic fitted kitchen with point for electric cooker, space for fridge and double-glazed window to the side.

Leasehold information We understand that the apartment is held on Lease for a term of 964 years and subject to a maintenance charge of £900 approximately per year (includes building insurance). The above information is provided in good faith, although we would recommend prospective purchasers consult their own solicitor for formal verification.

Sellers' tale "This property has been a great investment for us, it has always been easy to let out as it is very central,
but it is time to move on which is why we are putting it on the market."

viewings Interested applicants should call Martin & Co (Plymouth) today on in order to arrange their viewing appointment.

Note to applicants We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. We routinely refer potential purchasers to Move With Us conveyancing. It is your decision whether you choose to deal with Move with Us. In making that decision, you should know that we receive an annual payments benefits, equating to approximately £200 per referral

auction details This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Floor plans and tours

Floor plans (1)

Floor plan 1

Tours (1)

1 virtual tour available

Step inside the property with a virtual tour or video walkthrough.

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Martin & Co Plymouth

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Property descriptions and related information displayed on this page are marketing materials provided by - Martin & Co Plymouth. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Martin & Co Plymouth for full details and further information.