Development Site for sale in Exeter

AUCTION PROPERTY This spacious three-storey town house is a licenced HMO requiring some updating, which provides good access to local amenities, Exeter University and the city centre. The property offers five lettable rooms and three shower rooms, a communal room and kitchen and has gas central heating and uPVC double glazing with parking to the front and rear for several cars.

Investors will see the potential to continue in its current guise or others may consider subdivision, subject to all necessary planning consents being obtainable.

Ground Floor
Entrance hallway, communal living room, kitchen, shower room/W.C. and letting room one.

First Floor
Landing, shower room/W.C., letting room two and letting room three with en-suite shower room.

Second Floor
Landing and letting rooms four and five.

Outside
To the front of the property is a hard standing and gated drive to the rear, giving access to parking for several cars, and a fenced storage area to the rear.

Council Tax Band D

Auctioneer's Note
We understand the property has been previously let to five students, producing an income of 37,400 per academic year.

Local Planning Authority
Exeter City Council. Tel: 01392 265223. Website: exeter.gov.uk.

Freehold with Vacant Possession

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 www.cliveemson.co.uk, or contact us on 01622 608400, 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 www.cliveemson.co.uk/buyers-fees/