LOT
101
Postponed
An interesting opportunity to acquire a deceptively spacious mid terrace property currently comprising of a ground floor retail shop unit, along with three lower floors of presently storage/workshop rooms with the lower level giving access on to the rear service lane, along with a self contained three bedroom maisonette above. The property offers graphic potential for reconfiguration of the existing accommodation to create additional self contained units of accommodation, subject to any requisite consents and having the benefit of a recent grant of planning permission for residential use, upon which interested parties must make and rely upon their own planning enquiries of Torbay Council planning department.
Union Street is a conservation area situated in the heart of Torquay's town centre with excellent public transport links, shopping and leisure facilities, Promenade, harbour and sandy beaches, along with educational facilities catering for all age groups.
Ground Floor: Retail unit of circa 31 square metres.
Lower Level 1: Hallway, two storage rooms, former kitchen area and 2 x WC's.
Lower Level 2: Hallway, two storage rooms with the rear room having views over the park.
Lower Level 3: Storage room/workshop with access to the rear service lane.
Ground Floor: Private entrance hall with stairs rising to the first floor.
First Floor: Landing, kitchen, sitting room, bedroom and bathroom.
Second Floor: Landing, two further bedroom/attic rooms with restricted headroom and under eaves storage.
Strictly by prior appointment with Miller Countrywide Torquay 01803 291429. General enquiries Countrywide Property Auctions 01395 275691.
201 - VOA rating £4,900
201A - Council Tax Band A
201 - E
201A - E
The retail unit is due to become vacant in December. The maisonette is currently let on a rolling AST with a rental income of £159.50 per week/£8,294 pae.
The property forms part of a larger planning application relating to 201, 201A and 203 Union Street, planning reference P/2023/0821 for 'Conversion from two commercial premises with a single flat above into two town houses and flat', which was approved by Torbay Council on the 9th November 2023. Interested parties must make and rely upon their own planning enquiries of Torbay Council planning department.
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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.
201 & 201a Union Street, Torquay TQ1 4BY
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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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