Lot 11 - Residential Investment
ONLINE AUCTION from 23rd - 25th June
A spacious five-bedroom maisonette arranged over the first and second floors, situated in a convenient Torquay location within easy reach of the town centre, seafront, local amenities and transport links.
The property is accessed separately from the rear service lane at ground floor level, with stairs rising to the first-floor accommodation. The flat is presented in reasonable decorative order, although it would now benefit from some updating, offering purchasers the opportunity to improve and add value.
The first floor comprises a landing, living room, kitchen/breakfast room, bedroom and study/bedroom. The second floor provides a further landing, three bedrooms and a shower room with W.C.
Given its size, layout and location, the property may appeal to owner occupiers, investors or those seeking a strong rental opportunity, subject to any necessary consents. The property is well positioned close to Torquay town centre, the seafront, local shops, restaurants, hotels and transport links, making it a practical and accessible residential investment.
First Floor:Separate access from the rear service lane at ground floor level, stairway to landing, living room, kitchen/breakfast room, bedroom and study/bedroom.
Second Floor: Landing, three bedrooms and shower room with W.C.
Key Features
Spacious upper-floor maisonette
Five bedrooms / flexible accommodation
Convenient Torquay location
Close to town centre, seafront and amenities
Potential owner-occupier or investment opportunity
To be sold with vacant possession
Advised Leasehold - to be verified by solicitor
New 999 years lease
Ground Rent: £1
Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Lot 11 - Residential Investment
Paul Fosh Auctions
Olivia Williams
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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