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Lot 23
Guide Price: £120,000*

Auction Date: Wednesday 11th December 2019

Auction Venue: Sandy Park Conference Centre, Exeter, Devon EX2 7NN

Auction Time: 13:00


Flat 5, Bay Fort Mansions, Warren Road, Torquay

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Property Description

A one bedroom apartment located on the entry floor of the building. The property features a double bedroom with sea views, lounge with glorious sea views enjoyed from the large bay window, separate kitchen and a bathroom. The previous letting agents for the property have stated the apartment could command up to £600 PCM/£7200 PAE in rental income on an AST basis, or could be enjoyed as a residential home. Other apartments in the building have been used for holiday letting purposes which could have the potential to generate approximately three-fold income compared with residential lettings, depending on occupancy throughout the year. As a ground floor apartment, it allows easy access from street level.


Location

Torquay is a Victorian town located on the South Devon coast, alongside its sister Torbay towns of Paignton and Brixham, which in turn form the Borough of Torbay. The local area has a busy town centre and bustling harbourside, which houses many bars and restaurants and the famed Princess Theatre.

Accommodation

Entrance

Communal entrance to the apartment.

Apartment

Hallway leading to the lounge, kitchen, bedroom and bathroom.

Outside and Facilities

The property has the enjoyment of well maintained communal gardens and benefits from a useful separate store room in the basement.

EPC

Energy Efficiency Rating - C

Auction Valuer

Lucy Fuller

Viewing Arrangements

Strictly by appointment only with Miller Countrywide Torquay 01803 291429. General enquiries Countrywide Property Auctions 01395 275691.


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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:
Blundells Property Auctions - £950+VAT (£1140 including VAT @ 20%)
Sutton Kersh Auctions - £850+VAT (£1020 including VAT @ 20%)
Countrywide Property Auctions - £750+VAT (£900 including VAT @ 20%)
(unless stated otherwise within the property description in the catalogue) by cheque, bankers draft or debit card made payable to Countrywide.

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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