Addendum To Printed Catalogue
Energy Efficiency Rating - D
Currently used as a HMO, this detached house does now require modernisation. The property was previously a five bedroom house with two reception rooms, cellar, two bathrooms and a tandem garage to the rear. At the time of instruction, the two reception rooms were used for individual tenants. The property would lend itself to continue to be let for multi occupancy, or subject to acquiring the relevant planning, split into flats with the potential for a studio to the rear incorporating the tandem garage. When fully let, the property can generate a yearly gross income of £26,520 PAE, arranged as the single bedroom income being £60 PW, and double bedrooms let at £90 PW with bills included on all tenancies.
Torquay is set in The English Riviera, alongside the other Torbay towns of Paignton and Brixham. Known for its warm climate and sandy beaches, other local amenities include a busy Harbourside with several bars and restaurants, bowling alley, cinema and a multitude of primary and secondary schools. The new South Devon Link Road gives access to the neighbouring market town of Newton Abbot.
Former lounge and former dining room (now used as double letting bedrooms individually), kitchen, two rear double bedrooms, shower room and cellar storage room.
Three letting bedrooms (one single and two doubles), cloakroom and bathroom.
Access pathway to the side leading to a small courtyard area. Accessed from the rear service lane is a tandem garage.
For information on tenancies please refer to the legal pack. To make enquiries on changing the dwelling arrangement, please contact Torbay Council on 01803 201201. All parties should make and rely upon their own enquiries.
Energy Efficiency Rating - D
By pre-arranged block appointment only with Miller Countrywide Torquay 01803 291429. General enquiries Countrywide Property Auctions 01395 275691.
Disclaimer: On some client's instructions not all properties are available to purchase prior to auction however we will submit all offers on your behalf.
* 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.
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.
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).