Initial price	£325,000
10/12/24	£275,000
Price Change	-15.38%

This 19th-century former pub in Plymouth offers a unique investment opportunity, with planning permission to convert it into a 14-room HMO (House of Multiple Occupation). The approved plans feature two five-bedroom and one four-bedroom HMOs, catering to the strong demand from students, professionals, and naval personnel in the area. The property is being sold via online auction, with a starting price to be determined, and cash buyers only will be considered. The auction process will run for three hours, and the winning bidder will be required to pay a 10% deposit and a non-refundable reservation fee of 3.6% of the winning bid, in addition to the purchase price. It is recommended that bidders review the legal documents and seek legal advice before participating in the auction.