LOT
17
Sold for £330,000
A unique opportunity to purchase this iconic former hotel which is now in need of a programme of refurbishment. This sizeable property has accommodation set over three floors, terraced seating area to the front and balcony to the first floor, a small courtyard area to the rear with steps leading up to the detached garage and parking area. The property would lend itself to a variety of uses including the conversion into a number of apartments, subject to any requisite consents, upon which interested parties must make and rely upon their own enquiries of Torbay Council Planning Department.
Babbacombe Road enjoys views over Torwood Gardens and is in proximity of local tourist attractions including the Torquay Museum, Living Coasts, Dinosaur World and the marina. Torquay is set at the heart of the English Riviera and forms the central hub of Torbay, with its beautiful coastline and sandy beaches the town remains a popular residential area being readily commutable to both Exeter and Plymouth and tourist destination.
Entrance foyer, former bar area, rear hallway with lift to all floors, rooms 1- 6, two wc’s, former kitchen, store room, second entrance hall. Half landing to two store rooms.
Landing, rooms 7 – 31 (four rooms having balcony access), two bathrooms and two wc’s.
Landing, rooms 32 - 42, store room.
Patio seating terrace to the front of the property with views of Torwood Gardens and sea glimpses, rear courtyard area with steps leading up to the detached garage and car parking area.
The floor plan provided is for guidance purposes only as some internal walls may have been removed/adjusted for remedial works to be carried out. Viewing is strictly by prior appointment only and at the viewers own risk. A disclaimer form will be required to be signed at the viewing appointment - failure to do so will result in entry being refused.
THIS PROPERTY WILL NOT BE SOLD PRIOR TO AUCTION.
Energy Efficiency Rating - Exempt
Council Tax - Disbanded
Wendy Alexander
BLOCK VIEWINGS STRICTLY BY PRIOR APPOINTMENT ONLY with Countrywide Property Auctions 0151 734 7509 (Monday-Friday); Miller Countrywide Torquay 01803 291429 (Weekends).
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.
Four Seasons, 547 - 549, Babbacombe Road, Torquay TQ1 1HQ
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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.
A successful purchaser will also be required to pay a Buyer’s Administration Charge of 1.2% of the purchase price subject to a minimum fee of £1,800 including VAT (unless stated otherwise within the property description in the catalogue) by debit card or bank transfer.
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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