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Lot 90
Guide Price: £115,000*

Auction Date: Thursday 9th December 2021

Auction Venue: Online Virtual Auction, remote bidding only

Auction Time: 12:00


25 Sherwell Lane, Torquay

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Property Description

A four bedroom mid terrace maisonette requiring updating set in the popular Chelston area of Torquay. The property is accessed at ground floor level with hallway, sitting room and kitchen/diner, first floor with three bedrooms and bathroom, plus an attic conversion providing bedroom four. The property is currently let on a rolling Assured Shorthold Tenancy generating a modest income of £650 pcm/£7,800 pae with notice served and the tenancy agreement scheduled to end on the 1st January 2022.


Situated

Sherwell Lane is conveniently situated within walking distance of a local bus route, parks and shops/amenities at Old Mill Road and Walnut Road, with Torquay town centre, mainline train station and seafront being readily accessible.

Ground Floor

Entrance porch, hallway, sitting room, kitchen/diner.

First Floor

Landing, three bedrooms and bathroom. Staircase leading to the second floor.

Second Floor

Attic room/bedroom four.

Viewings

Strictly by prior appointment with Miller Countrywide Torquay 01803 291429. General enquiries Countrywide Property Auctions 01395 275691. GET READY TO BID BY VISITING THE AUCTIONEERS WEBSITE

Tenure

Freehold


Listed By

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* Guide Price

An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve Price

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Buyers Fee

A successful purchaser will also be required to pay a Buyer’s Administration Charge of 1.2% of the purchase price subject to a minimum fee of £1,500 including VAT (unless stated otherwise within the property description in the catalogue) by debit card or bank transfer.

Legal Packs

You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees).

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