By Order of The Trustees

A freehold building (1066 sq ft) arranged as 2 x 1 bedroom flats. Let producing a combined income of £14,520 pa.

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Description/Location

The upper flat has been recently refurbished. The property is within a short walk of Torquay town centre. Torre station 0.4 miles, Torquay station 0.6 miles

Tenure

Freehold

Local Authority

Torbay Council01803 201201www.torbay.gov.uk

Viewing

Please contact Charles Darrow Network Auctions on 01626 330022

Accommodation

Ground floor flat: Entrance hall with doors to both flats. Front door to hallway, lounge, double bedroom, bathroom, inner hallway with storage, kitchen, access to the rear garden via steps (sole use for this flat). Let producing £150 pw £7800 pa. First floor flat: Stairs to landing, lounge, kitchen, shower room, double bedroom. Let producing £560 pm / £6720 pa.

Rent

Current rent £14,250 pa

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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.