3-storey, mid terrace property (2,358 sq.ft. - source EPC) comprising 1 x 2 bedroom cottage, 1 x 1 bedroom flat and 1 x 2 bedroom flat, all currently let. Planning granted to convert the shop into 1 x 1 bedroom flat, current rent £21,072 per annum

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Description/Location

Planning granted by Torbay council on 09/05/2024 reference no. P/2024/0168 for conversion of shop/restaurant to dwelling. The property is situated in the heart of Paignton within a short walk of all main facilities and amenities. Paignton railway station 0.6 miles approx.

Tenure

Freehold

Local Authority

Torbay Council 01803 201201www.torbay.gov.uk

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Please contact Charles Darrow Network Auctions on 01626 330022

Accommodation

2 bedroom cottage : 450 sq. ft. set over 2 storeys currently let at £563 per calendar month, in periodic status
1 bedroom first floor flat with outside terrace: 516 sq. ft. currently let £563 per calendar month, in periodic status
2 bedroom second floor flat: 592 sq. ft. currently let at £630 per calendar month, in periodic status
Shop : 800 sq. ft. vacant

Rent

Potential rental value £28,272 per annum

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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 £2,100 (inc. VAT) unless otherwise stated in the addendum (£600 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.