LOT
88
£225,000+*
Guide price (+ fees)
A high yielding three storey end of terrace property requiring some remedial works and updating, currently comprising of three x 1 bedroom apartments and 2 studio apartments, all currently let and generating an income of £2,675 pcm/£32,100 pae. The property has the benefit of on drive parking and an enclosed rear garden currently allocated to the ground floor rear flat, a gas central heating system serving all five flats and included in the rents passing, with top up smart meters providing electricty to each unit. The property is likely to appeal to the career lettings fraternity and to those looking for a post works break-up and resale opportunity.
Polsham Park is a popular residential lettings area being conveniently situated for the town centre facility and amenities of Paignton, along with its sandy beaches and pier.
Communal entrance hall, studio flat to the front of the property and a one bedroom garden flat to the rear with enclosed garden.
Landing, two x 1 bedroom flats.
Studio flat.
On drive parking and an enclosed rear garden.
Strictly by prior appointment with Fulfords Paignton 01803 529529. General enquiries Countrywide Property Auctions 01395 275691.
Flat 1 - £600 pcm/£7,200 pae
Flat 2 - £500 pcm/£6,200 pae
Flat 3 - £550 pcm/£6,600 pae
Flat 4 - £500 pcm/£6,200 pae
Flat 5 - £525 pcm/£6,300 pae
All flats are EPC rated D
All flats are Council Tax Band A
GET READY TO BID BY VISITING THE AUCTIONEERS WEBSITE
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.
7 Polsham Park, Paignton, Devon TQ3 2AD
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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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