Sold for £330,000

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A substantial 3 storey semi detached dwelling (3,412 sq.ft. - source EPC) with planning approval for conversion to 4 apartments (3 x 2 bed and 1 x 1 bed) close to Paignton seafront - Vacant

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Description/Location

Former hotel set in a favourable location close to Paignton beach and the main promenade for the town. Planning was granted by Torbay Council for conversion into 4 apartments (3 x 2 bed and 1 x 1 bed) under planning ref P/2018/0908.

Tenure

Freehold

Local Authority

Torbay Council01803 201201www.torbay.gov.uk

Viewing

Please contact Charles Darrow Network Auctions on 01626 330022

Accommodation

Proposed accommodation Ground floor: Apartment 1: Lounge, bathroom, kitchen diner and two bedrooms. GIA 84.16 sq.m./906 sq.ft. First floor: Apartment 2: Lounge through to a kitchen diner, bathroom and two bedrooms, GIA 79.71 sq.m. /858 sq.ft. Second floor: Apartment 4: Lounge, kitchen with a bathroom and bedroom. GIA 45.77 sq.m./492.66 sq.ft. Second and third floor: Apartment 3: Duplex style with lounge, kitchen and WC to the second floor. Stairs to the third floor, 2 bedrooms, bathroom. Roof terrace. GIA 69 sq.m./742.71 sq.ft.

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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.