By Order Of The Executors

Freehold semi-detached building arranged as three flats. One flat vacant, two sold off on long leases producing ground rent equivalent to £160 pa.

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Description/Location

18 - Ground Floor Front Flat - Lease term 199-years from 2/10/2018 - Ground Rent £135 pa. 18b - Ground Floor Rear Flat - Vacant. 18A - First Floor Flat - Lease term 999 years from 25/04/1986 - Ground rent £25 pa. Section 5A notices have been issued to the qualifying leaseholders. The basement and gardens are included in the freehold (not demised to the flats sold off on leases).

Tenure

Freehold

Local Authority

Torbay Council01803 201201www.torbay.gov.uk

Viewing

Please contact Woods Bryce Baker on 01803 390000

Accommodation

Flat 18a Hallway, Reception room, bedroom and shower room. Vacant. Basement: Potential for conversion to residential use subject to planning. Outside: Gardens to the front and rear.

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Legal documents

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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.