Sold prior to auction, for an undisclosed amount

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Freehold investment comprising 6 x 1 bedroom apartments, currently fully let and managed producing £35,460 p.a.

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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	1 bed - 58 sq.m.	£495 p.c.m.	30/06/2017 Periodic
Mid floor	1 bed - 55 sq.m.	£525 p.c.m.	15/11/2019 Periodic
Mid floor	1 bed - 45 sq.m.	£480 p.c.m.	14/12/2014 Periodic
Mid floor	1 bed - 53 sq.m.	£495 p.c.m.	23/07/2018 Periodic
Mid floor	1 bed - 43 sq.m.	£480 p.c.m.	Awaiting details
Top floor	1 bed - 55 sq.m.	£480 p.c.m.	14/12/2014 Periodic

Tenure

Freehold
EPC ratings: Flat 1 D, Flat 2 D, Flat 3 D, Flat 4 C, Flat 5 D, Flat 6 E

Local Authority

Torbay Council01803 201201www.torbay.gov.uk

Viewing

Please contact Woods Bryce Baker on 01803 390000

Rent

Current rent £35,460 p.a.

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*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.