Postponed – To be reoffered on Thursday 27 May 2021

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Virtual freehold investment comprising a recently refurbished, ground floor lock up shop (226 sq.ft. - Source - Valuation Office) in Paignton Old Town - Vacant

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Description/Location

The shop has been refurbished although we understand that there is currently no water connection to the property. We understand that the property is exempt from business rates. Estimated rental value £3500 - £4000 pa.

Tenure

Leasehold - 999 years from 13/07/2018
EPC exempt.

Local Authority

Torbay Council01803 201201www.torbay.gov.uk

Viewing

Please contact Charles Darrow Network Auctions on 01626 330022

Rent

ERV: £3,500 - £4,000 pa

Virtual Tour

Virtual Tour 159 Winner Street

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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.