Sold for £136,500

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By Order of The Trustees

A freehold building arranged as 3 flats (2 x 1 bedroom, 1 x studio). Flat 2 is let on an AST producing £4,680 per annum, Flats 1 and 3 are vacant and will benefit from refurbishment.

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Description/Location

The property is within a short walk of Torquay town centre. Torre railway station 0.4 miles and Torquay railway station 0.6 miles. Flats 1 and 3 will benefit from refurbishment prior to renting.

Tenure

Freehold
EPC rating F for all 3 flats - Council tax band A for all 3 flats

Local Authority

Torbay Council01803 201201www.torbay.gov.uk

Viewing

Please contact Charles Darrow Network Auctions on 01626 330022

Accommodation

Ground floor: Flat 1 - lounge, bedroom, bathroom, inner hallway with storage, kitchen and access to the rear garden via steps (sole use for this flat). Previously let for £120pw/£6,240 p.a. First floor: Flat 2 - lounge, kitchen, shower room and double bedroom. Current rent £90pw/£4,680p.a. Top floor: Flat 3 - lounge/bedroom, shower room (no fittings), kitchen (no fittings) Previously let at £70pw/£3,640p.a.

Rent

Current Rent: £4,680 pa Potential rent £16,120 per annum

Virtual Tour

Virtual Tour Flat 1 39 South 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.