Lot 5 - Apartment 2 21 Lucius Street, Torquay, Devon, TQ2 5UW
Guide Price* : £5,000+
- Unconditional Online Auction Sale
Lot 4 - Ground Floor Unit
Description
ONLINE AUCTION from 1st SEPTEMBER - 3rd SEPTEMBER
Leasehold | 999 years from completion | £1 ground rent
Lower ground floor unit, vacant and part-renovated. Stripped to bare floors and plastered walls. No kitchen or bathroom fitted. Requires completion throughout.
Location
Central Torquay, on Lucius Street. Mixed-use building with shops at ground floor and flats above. Torquay harbour, seafront and town centre within walking distance.
Access
Separate entrance to the rear via pathway.
Potential
Completion as a private residence or a let. Short-let or holiday use, subject to planning and consents. Torbay is an established holiday market.
Suited to
An investor or trader able to finish the works, or an owner-occupier with cash. Cash or bridging purchase in current condition.
Key Facts
Leasehold, 999 years from completion, £1 ground rent. Vacant possession. Lower ground floor in a mixed commercial and residential building.
No planning permission is currently in place, and any proposed development or use would be subject to the relevant permissions and consents.
Lease Duration
999 years ( years unexpired)
Tenure
Advised Leasehold -999 years from completion - to be verified by solicitor
Auction Fees And Additional Costs
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.
Bidding open
- Unconditional Online Auction Sale
Lot 4 - Ground Floor Unit
Viewing
Paul Fosh Auctions
Office Contact
Olivia Williams
Documents
Legal Documents
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