Sold prior to auction, for an undisclosed amount

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An attractive double fronted building arranged as a substantial 6 bedroom HMO currently producing £39,000 per annum. Potential to create more rooms subject to the necessary consents.

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Description/Location

The Grade II listed building is situated in a prestigious square close to Newton Abbot town centre. Currently arranged as 6 rooms (let on AST's) with 3 communal rooms, bathroom and 3 shower rooms. Potential to increase the number of letting rooms or convert into a single residence, subject to planning.

Tenure

Freehold
Auctioneers note: We understand from the client that each room is currently at £125 per week giving a yearly income of £39,000. Details of the Assured Shorthold Tenancies are included in the auction legal pack.

Local Authority

Teignbridge District Council

Viewing

Please contact Charles Darrow Network Auctions on 01626 330022

Accommodation

Lower ground floor: Large basement Ground floor: Large entrance hallway, 2 letting rooms, 2 communal rooms, kitchen First floor: 4 letting rooms, bathroom, 3 shower rooms Outside: Rear garden

Virtual Tour

Virtual Tour 32 Devon Square
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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.