Studio for sale

King Street, Plymouth, Devon PL1

This property is for sale by conditional online auction, powered by Bamboo Auctions. Place a bid on by 12pm on **tbc** 2026.
Fantastic buy to let investment opportunity on the doorstep of Plymouth City Centre as well as being a short walk to the train station and Plymouth University. Sold with vacant possession.

Material Information

Tenure - Leasehold
Lease Length - 999 years from 01//06/1986
#Leaseholders own a share of the freehold
Service Charge - £80 per month
Council Tax - Band A
Local Authority - Plymouth City Council
Source Of Heating - Electric
Mains Electric, Water and Sewerage
Property Accessibility - Three flights of stairs

Description

Fantastic buy to let investment opportunity on the doorstep of Plymouth City Centre as well as being a short walk to the train station and Plymouth University. The property has been recently decorated and is sold with vacant possession.



This property is being sold by conditional online auction and a non-refundable reservation fee of £6000 or 4.2% + VAT applies, whichever is the greater (in addition to the purchase price). If you are the successful bidder, you will be charged the amount of £6,000 + VAT (£7,200) or 4.2% +VAT, whichever is the greater, which will be processed online, immediately at the end of the auction, only if you are the successful bidder. You will then have 20 working days within which to exchange contracts, and a further 28 days to complete the purchase.

Terms and conditions apply to the modern auction method of sale, which is operated by Bradleys Property Auctions.

Definition Of A Guide Price And A Reserve Price:

Guide Price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. Bids may be accepted by the system but the property will not sell if the bidding does not reach the reserve. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.