**National Online Auction 29/05/23 - 30/05/23** An impressive opportunity to purchase a substantial investment property situated on Grand Parade, Plymouth. Currently used as an Airbnb and has 5 self-contained apartments.
Freehold Investment Opportunity
Situated within one of the most sought after waterfront locations in Plymouth, this mid-terrace substantial period property is located on Grand Parade and benefits from angled sea views from the front elevation. Currently used as a successful Airbnb investment property which has an approximate gross turnover of £55,000PA. The property is divided into 5 one bedroom apartments and has double glazing and gas central heating throughout. Externally, there is a small rear courtyard, roof terrace on the rear tenement and on road permit parking to the front.
AUCTIONEERS NOTE The property is currently being run as an Airbnb with the following room rates advertised:
Flat 1 - £75 per night Sunday - Thursday / £89 per night Friday & Saturday
Flat 2 - £75 per night Sunday - Thursday / £89 per night Friday & Saturday
Flat 3 - Currently used as a storage room
Flat 4 - £75 per night Sunday - Thursday / £89 per night Friday & Saturday
Flat 5 - £75 per night Sunday - Thursday / £89 per night Friday & Saturday
VIEWINGS Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West T: 01752 474200 to request a viewing.
NOTICE TO BIDDER Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.
FULL DETAILS Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within our full details online on our website. All published information is to aid identification of the property and is not necessarily to scale
Tenure: Freehold
EPC Rating: (43E)(40E)(41E)(42E)(47E)
Freehold
Residential Development
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
£1000 plus VAT (£1200 inc VAT)
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.