Flats for Auction Plymouth PL4 £100,000

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Auction date: Thu, 15/12/2022 - 12:00

A freehold three storey property requiring renovation work throughout and is currently loosely arranged as three flats. The accommodation currently comprises of two one-bedroom self-contained flats (on the ground floor and the second floor) whilst to the first floor there is a one-bedroom split level flat. The ground floor flat is currently vacant whilst the other two are both let on AST agreements and producing a gross income of £8,064 per annum (Flat 2 £90 per week & Flat 3 £78 per week) although the current owner pays water and gas. There is potential for this to increase once renovation works have been carried out and the property is fully occupied.

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