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Guide Price: £195,000*

Auction Date: Thursday 15th July 2021

Auction Venue: Online Virtual Auction, remote bidding only

Auction Time: 12:00


18 & 18a Old Exeter Road, Newton Abbot, Devon

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Property Description

An interesting opportunity to acquire a freehold investment comprising of a three bedroom, three storey maisonette with garden, currently let and generating an income of £725 pcm/£8,780 pae, a ground floor studio flat currently let and generating an income of £350 pcm £4,200 pae and a residential building plot with recently lapsed planning for a 3/4 bedroom detached house.


Situated

Newton Abbot is a thriving market town with plenty of shops, amenities and eateries. There is a choice of primary schools and two secondary schools close by. Newton Abbot also offers good transport links to Torbay, Exeter and Plymouth via the A38 or for trips further afield there is a mainline railway station.

18 - Maisonette

Ground Floor: Entrance hall, open plan lounge/kitchen/diner. First Floor: Two bedrooms and a bathroom. Second Floor: Master bedroom with exposed beams and vaulted ceiling. Outside: Patio garden area and utility/storage shed

18A - Flat

Ground Floor: Bed/sitting room, kitchen and bathroom. Outside: Utility/outbuilding.

Building Plot

A Grant of Conditional Planning Permission was issued by Teignbridge District Council on the 16th March 2018, under application number 17/01785/FUL, to 'Demolish wall and build a single dwelling'. The proposed dwelling comprises of three/four bedroom detached property with integral double garage. Interested parties must make and rely upon their own planning enquiries of Teignbridge District Council planning department.

Viewings

Strictly by prior appointment with Fulfords Newton Abbot 01626 351951. General enquiries Countrywide Property Auctions 01395 275691. GET READY TO BID BY VISITING THE AUCTIONEERS WEBSITE

Tenure

Freehold


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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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