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Lot 17
Guide Price: £70,000*

Auction Date: Thursday 5th September 2019

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

Auction Time: 13:00


Flat E, 458 Babbacombe Road, Torquay

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Addendum To Printed Catalogue

The current rental income is £500 per calendar month / £6,000 per annum. For clarification, the special conditions make reference to 'Littlecombe Apartments', to our knowledge, the address stated on the Title Deeds is correct.

Property Description

A one bedroom apartment located on the ground floor to the rear of the main building. The property is to be sold with a tenant in situ who has been residing for approximately five years at the time of instruction. The rental income is currently set as £475 PCM/£5,700 PAE. Use of the attractive communal garden and walkway at the side of the building are for use with the property. A previously granted application under the reference P/2015/0291 was set to extend the apartment into the store area at the side.


Location

Wellswood is set in Torquay, within easy distance of Babbacombe and the harbour. Local amenities include the famed Kents Caverns, a bowling alley and sandy beaches. The property is located within walking distance of the shops of Wellswood and the local pub The Kents. Torquay forms part of Torbay, which includes the towns of Paignton and Brixham.

Accommodation

Entrance

Communal walkway leading to the front door for the apartment.

Apartment

Lounge leading to a separate kitchen and inner hallway. From the hallway is a utility room, shower room and bedroom. Energy Efficiency Rating - D

Communal Grounds

To the rear is a well kept communal garden with patio and drying area, planted with colourful flowers and shrubs. A walkway set of steps leads to the side of the property and back to the front. A ground level patio area is also set along the side of this particular apartment which leads up to the main garden.

External Stores

Two connected storage rooms with a cupboard, accessed externally only.

Notes

Potential purchasers are to make and rely on their own enquiries with regards to the planning application under the reference P/2015/0291 by contacting Torbay Council Planning on 01803 201201. The application was granted for “proposed conversion of existing store into additional habitable space serving flat E; alteration of door to windows.” Issued on the 1st of June 2015. For documents relating to this please refer to the legal pack. We understand the current seller is increasing the monthly rental income to take affect from the 19th of August 2019, to £500 PCM/£6,000 PAE. For further information, please refer to the legal pack.

Auction Valuer

Lucy Fuller.

Viewing Arrangements

Strictly by pre-arranged 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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