Auction Sale of 12 Vacant Student Flats in Exeter, Devon, Needing Repairs
Exeter, Devon
- Status
SOLD / WITHDRAWN
- Date Submitted:
11/03/24
- Advert ID
608037
- Reference
CD-90628 / Rightbiz
- Call Agent:
- Freehold: £500,000
- Asking Price: £500,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Lot 9: For sale by Auction 12 x Student Flats in Exeter, Devon For Sale in Exeter
Planning was granted by Exeter City Council on 21/06/2012 ref no. 12/0354/FUL, the property was intended to house 15 students in 12 flats. After completion, building faults led to significant water ingress. The property could not be occupied and has remained vacant. Each flat has its own shower room with laundry facilities, gas boiler, kitchen, intercom and is separately metered for utilities. Based on current market rents for student accommodation in the area we estimate a rental value of circa £120,000 per annum. on the completion of works. AUCTIONEERS NOTE: The plan edged in red is for illustration purposes only. There will be a Land Registry compliant plan in the auction legal pack.EPC ratings - Flats 2,3 and 4 are C rated Flats 1, 5 -12 inclusive are B rated
• Our Reference: CD-90628
• To be sold by Public Auction on 2/5/24
• 9 x 1-bed self-contained studios
• 3 x 2-bed self-contained flats
• Constructed 2014
• Close to Exeter University & St Davids Station
• Significant remedial works required
• EPC ratings B-C
• Vacant
• FH Price: £500,000 Guide Price
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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