Sold prior to auction, for an undisclosed amount
Freehold investment comprising 3 x 2 bedroom and 2 x 1 bedroom apartments, currently fully let and managed producing £31,560 per annum
Description/Location
The property is Grade II listed, well maintained and fitted with double glazing. Set in a no through road with local shops and bus routes nearby. Local sandy beaches at Preston and Paignton are close by. Floor area quoted in table taken from EPC's.
Floor | Accommodation | Current Rental Income | Start date and term of AST |
---|---|---|---|
G/floor | 2 bed - 61 sq.m. | £575 p.c.m. | 20/09/2018 Periodic |
Mid floor | 1 bed - 34 sq.m. | £440 p.c.m. | 12/12/2014 Periodic |
Mid floor | 2 bed - 67 sq.m. | £595 p.c.m. | 13/12/2016 Periodic |
Mid floor | 2 bed - 65 sq.m. | £575 p.c.m. | 15/05/2018 Periodic |
Top floor | 1 bed - 49 sq.m. | £445 p.c.m. | 15/04/2016 Periodic |
Tenure
Freehold
EPC ratings: Flat 1 D, Flat 2 C, Flat 3 D, Flat 4 D, Flat 5 E
Local Authority
Torbay Council01803 201201www.torbay.gov.uk
Viewing
Please contact Woods Bryce Baker on 01803 390000
Rent
Current rent £31,560 per annum
View Larger Map
View larger map on Google Maps.
*Guide Price & Reserves
Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.
Property Information
Important Notes for Auction Bidders REGISTER TO BIDGet in touch
Email [email protected] or call us on 020 7871 0420