4 bed block of flats for sale

2 Lansdowne Terrace, Exeter, Devon EX2

A substantial mid-terrace period investment property, set over five floors and currently split into four self-contained apartments. The property now requires refurbishment and perhaps reconfiguration of its current accommodation.

The property, which is fully let, is likely to be of interest to investment buyers who may see further potential of its current accommodation, subject to all necessary planning consents being obtainable.

Basement
Basement Flat 1
With private access to the front exterior of property. Living room, kitchen and utility area, bedroom and bathroom. Private courtyard.
Tenancy
Let on an Assured Shorthold Tenancy Agreement from March 2018 at a current rental of £560 per calendar month.
Council Tax Band A
EPC Rating D

Ground Floor
Communal main entrance to lobby with hallway, storage room and stairs to all floors.
Flat 2
Living room/kitchen, bedroom, rear hallway and shower room. Private courtyard.
Tenancy
Let on an Assured Shorthold Tenancy Agreement from June 2019 at a current rental of £595 per calendar month.
Council Tax Band A
EPC Rating E

First Floor
Flat 3
Kitchen, living room, bedroom and shower room.
Tenancy
Let on an Assured Shorthold Tenancy Agreement from February 2022 at a current rental of £625 per calendar month.
Council Tax Band A
EPC Rating E

Second and Third Floor
Flat 4
Hallway, living/dining room and kitchen. Stairs to landing, bedroom and bathroom.
Tenancy
Let on an Assured Shorthold Tenancy Agreement from August 2023 at a current rental of £690 per calendar month.
Council Tax band A
EPC Rating E

Outside
The front of the property has a courtyard area and bin store.

Local Planning Authority
Exeter City Council. Tel: Website:
Residential EPC: E
Important:
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, which will be available on the Auction Day.

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 (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on , in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to