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FOR SALE BY AUCTION(UNLESS SOLD PREVIOUSLY) *Guide Price: £360,000+ Current rent £31,560 per annum Freehold investment comprising 3 x 2 bedroom and 2 x 1 bedroom apartments, currently fully let and managed producing £31,560 per annum Description/Location The property is Grade II listed, well maintained and fitted with double glazing. Set in a no through road with local shops and bus routes nearby. Local sandy beaches at Preston and Paignton are close by. Floor area quoted in table taken from EPC's. Tenure Freehold EPC ratings: Flat 1 D, Flat 2 C, Flat 3 D, Flat 4 D, Flat 5 E Accommodation FLOOR ACCOMMODATION CURRENT RENTAL INCOME START DATE AND TERM OF AST G/floor 2 bed - 61 sq.m. £575 p.c.m. 20/09/2018 Periodic Mid floor 1 bed - 34 sq.m. £440 p.c.m. 12/12/2014 Periodic Mid floor 2 bed - 67 sq.m. £595 p.c.m. 13/12/2016 Periodic Mid floor 2 bed - 65 sq.m. £575 p.c.m. 15/05/2018 Periodic Top floor 1 bed - 49 sq.m. £445 p.c.m. Awaiting To View Please contact Woods Bryce Baker on 01803 390000) Local Authority Torbay Council 01803 201201 www.torbay.gov.uk *Guide Price & Reserves Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. The "Important Notes For Auction Buyers" at the front of the catalogue includes a definition of "Guide Price & Reserve Price". All properties are subject to a purchaser's administration fee of £1,200 inc VAT unless otherwise stated in the addendum. If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller's lawyer, a copy of which can be downloaded from our website. An opportunity to purchase FIVE APARTMENTS, all of which are currently let out and managed, are offered for sale with one and two bedrooms. Being part of a semi-detached listed period building with character features including some high ceilings and some sea views also with parking. Set on a no through road in a very convenient location only a short walk from the acclaimed Old Way School with local shops and bus routes nearby, along with easy access to the local sandy beaches. Please download the PDF brochure to view individual floor plans, EPC ratings, council tax band and current rental incomes.
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