LOT
137
£295,000+*
Guide price (+ fees)
An interesting opportunity to acquire a freehold former retail premises and associated parking areas situated in Torquay town centre with the site totalling circa 0.28 acres. The property currently comprises of 4 linked retail zones, office and storage area to the ground floor, with a first floor retail area, staff room, WC's and additional storage to the first floor, giving a combined floor area of circa 680 square metres and a VOA rating of £39,250. The property whilst no doubt will be of interest to those looking for a sizeable premises with parking/storage facilities within Torquay, the site may also lend itself to redevelopment following a favourable pre-application response in 2020, with consideration to Policy TC4, upon which interested parties must make and rely upon their own planning enquiries of Torbay Council planning department.
Torquay town centre offers a wide variety of shopping and leisure facilities, along with a thriving harbour and numerous sandy beaches set in the heart of Torbay, with excellent public transport links and continues to be a popular tourist destination.
Four linked retail zones, office and storage facilities.
Additional retail zone, staff room, storage area and WC's.
Driveway leading to a secure parking area to the rear of the property.
Strictly by prior appointment with Miller Countrywide Torquay 01803 291429. General enquiries Countrywide Property Auctions 01395 275691.
TBC
£39,250
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GUIDE PRICES & RESERVE PRICES
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.
14 Market Street, Torquay TQ1 3AQ
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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.
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.
You will also pay a Buyers Administration Charge, to the auctioneers of 1.35%+VAT of the purchase price subject to a minimum fee of £1,800 + VAT (unless otherwise stated in the property description in the catalogue or addendum).
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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