>
63 & 64 Notte Street, Plymouth, PL1 Mixed use for sale
63 & 64 Notte Street, Plymouth, PL1
£100,000
63 & 64 Notte Street, Plymouth, PL1
£100,000
Our Summary
- The property is sold subject to a lease of the entirety of the building but offers graphic scope and potential, following refurbishment and repair, to create an enviable investment proposition, subject to of course gaining vacant possession and subject to all necessary consents being obtainable
- All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
- For sale by traditional online auction
- In need of modernisation
Description
This property is a mixed-use investment opportunity, comprising a Thai restaurant on the ground floor and three floors of residential accommodation above. The property is sold subject to a lease of the entire building, but offers scope for refurbishment and repair to create a valuable investment proposition, pending gaining vacant possession and necessary consents. The commercial space includes a main restaurant, kitchen, and storage areas, while the residential areas feature a mix of bedrooms, bathrooms, and living spaces. The property is freehold, subject to a 12-year lease with a current rent of £1,566.67 per month, and has a D energy efficiency rating. With ultrafast broadband and likely mobile coverage, this property presents a unique opportunity for investors or developers looking to capitalize on its potential.