LOT
23
Withdrawn
A one bedroom apartment located on the entry floor of the building. The property features a double bedroom with sea views, lounge with glorious sea views enjoyed from the large bay window, separate kitchen and a bathroom. The previous letting agents for the property have stated the apartment could command up to £600 PCM/£7200 PAE in rental income on an AST basis, or could be enjoyed as a residential home. Other apartments in the building have been used for holiday letting purposes which could have the potential to generate approximately three-fold income compared with residential lettings, depending on occupancy throughout the year. As a ground floor apartment, it allows easy access from street level.
Torquay is a Victorian town located on the South Devon coast, alongside its sister Torbay towns of Paignton and Brixham, which in turn form the Borough of Torbay. The local area has a busy town centre and bustling harbourside, which houses many bars and restaurants and the famed Princess Theatre.
Communal entrance to the apartment.
Hallway leading to the lounge, kitchen, bedroom and bathroom.
The property has the enjoyment of well maintained communal gardens and benefits from a useful separate store room in the basement.
Energy Efficiency Rating - C
Lucy Fuller
Strictly by appointment only with Miller Countrywide Torquay 01803 291429. General enquiries Countrywide Property Auctions 01395 275691.
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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.
Flat 5, Bay Fort Mansions, Warren Road, Torquay TQ2 5TN
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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.
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