A pair of Freehold residential investment opportunities.

** AGENT NOTE **

Please note the new end date of the auction.

Completion will be 10 working days from exchange, rather than the standard 20 days. Please refer to the special conditions in the legal pack.

Situation

39 & 41 Elburton Road are located in the eastern suburbs of the City of Plymouth in an area known as Plymstock. There is easy access to both the South Hams and the south coast with beaches and leisure opportunities. The City of Plymouth is located on the borders of Devon and Cornwall with a pedestrianised shopping centre and the Theatre Royal. There is excellent access to major trunk roads including the A38 which connects to the M5. The city is also served by train and local bus services, as well as the National Express coach service. The city has a wide selection of schools to choose from.

Description

39 & 41 Elburton Road is a pair of semi-detached properties located off the north side of the Elburton Road. Approached via pedestrian gates, 41 has a shared porch with two doors providing separate access to each flat.

41 occupies the ground and lower ground floors with two double bedrooms, each with high ceilings and the front room with a bay window, together with a well fitted bathroom. Steps lead down to the lower ground floor into a galley style kitchen with dining area, an arch to the sitting room and a hallway with store cupboard and WC.

41A has steps up from the ground floor to the 1st floor. To the front is a sitting room and small galley kitchen with a double bedroom and bathroom.

Each flat is presented in fair condition.

The garden forms part of the lease for 41 and is terraced and steeply sloping with two level areas, grassed banks with steps down to a parking area. 

No.39 is vacant and has been partly renovated. No further works will be carried out, so it is sold as seen. Arranged over 3 floors, accommodation could provide kitchen, sitting room and WC to the lower ground floor, en suite bedroom and either an additional reception room or bedroom on the ground floor, with 2 bedrooms and bathroom on the 1st floor.

There is a sloping garden which is very overgrown with assorted sheds and outbuilding.

Services

41: It is understood that each flat is connected separately to mains services. Each flat is heated by a gas fired boiler. 

39: it is understood that all mains services are connected.

The estimated fastest download speed currently achievable for the property postcode area is around 1000 Mbps (data taken from checker.ofcom.org.uk on 19/10/2023). Actual service availability at the property or speeds received may be different.

None of the services, appliances, heating installations, broadband, plumbing or electrical systems have been tested by the selling agents.

Tenure

The properties are to be sold freehold with both flats in no.41 subject to tenancies.

39 is sold with vacant possession.

Tenancies

41 – unfurnished. Commenced 12.11.1971 paying £440 pcm.

41a – unfurnished. From 24.10.2022 to 23.4.2023 and holding over on a month-by-month basis paying £475 pcm.

Yield

Based on an apportioned guide price, and the current annual income of £10,980, the potential yield for no.41 is around 4.8%.

Method of sale 

The properties are to be sold as a pair by online auction.

Further information regarding the sale can be found on the auction site at: www.fishergerman.co.uk/current-auctions. As set out on this site an administration fee and buyer’s premium are payable in addition to the purchase price.

Local Authority

Plymouth City Council

Tel : 01752 668000

www.plymouth.gov.uk

Council Tax bands – both flats are in band A

Rights of way, wayleaves and easements

The property is sold subject to any rights, wayleaves or easements that may exist over the property – see the legal pack on the auction website for details.

A right of way will be granted over the quarry road to access the rear of the properties. See the Legal Pack for further details.

New boundary fence

The new boundary fence will be erected by Aggregate Industries Limited on the new northern boundary of the garden as shown on the sale plan. 

Important notices 

This property is available for sale by online auction. Interested buyers will need to register in advance and complete an ID verification before being able to place a bid. Buyers should allow sufficient time to complete this process before the time period expires. Full details can be found on Fisher German’s online auction page www.fishergerman.co.uk/current-auctions.

Legal Pack 

A legal pack will be available on Fisher German’s online auction page and interested parties will need to register before accessing the legal documents. 

Conditions of sale 

The property will, unless previously withdrawn, be sold subject to common auction conditions and special conditions of each sale may be found in the legal documents section of the Fisher German online auction page. Each purchaser shall be deemed to have notice of each condition and all the terms thereof and to bid on those terms whether they shall have inspected the said conditions or not. 

A small area coloured green on the transfer plan does not form part of the sellers’ registered title - the sellers have provided a statement of truth and a title indemnity insurance policy.

Completion will be 15 working days after exchange of contracts.

See legal pack for further information.

Fees 

The purchase of this property is subject to a combined buyer fee and admin fee of £8,400 including VAT as stated on the auction listing. The buyer will also be required to reimburse the search fees of £500 + VAT.

Plans, schedules and boundaries

The plans and schedules within these particulars are based on ordnance survey data and third-party data and are provided for reference only. They are believed to be correct, but accuracy is not guaranteed. The purchasers shall be deemed to have full knowledge of all boundaries and the extent of the ownership. Neither the vendors nor the vendor’s agents will be responsible for defining the boundaries of the ownership thereof.

Viewings

Strictly by appointment through selling agents Fisher German LLP and by prior arrangement with the tenants.

Telephone: 01905 726220

Email: [email protected]

Health & Safety Notice

Anyone viewing no.39 do so at their own risk. Care should be taken when walking around the garden which is very overgrown. Neither the agent nor the vendor can vouch for any potential hazards hidden by undergrowth. Paths and steps may be slippery. 

Directions

Postcode – PL9 8JH

What3words - ///clues.means.rocks

From M5 J31, proceed south on the A38 for about 34 miles. Exit onto the A3416 and turn left onto Hercules Road. Pass through the new housing estate and at the lights, turn left onto Hayes Road. At the next lights, turn right onto the A379 Elburton Road. Continue for about 0.75 miles to the roundabout, double back the way you came, and 39 & 41 will be on the left, the first pair of houses you come to.