1 bedroom maisonette for saleMount Vernon, Higher Erith Road, Torquay, Devon, TQ1 2NQ
- A One Bedroom First Floor Maisonette
- In Need Of Complete Modernisation
- For Cash Buyers/Professional Investors Only
To be sold by Public Auction on 8th December 2016 at The Macdonald Botley Park Hotel, Winchester Road, Boorley Green, Southampton, SO32 2UA
VIEWINGS VIA: Connells Torquay 01803 213641.
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FOR A FULL LIST OF OUR PROPERTIES, PLEASE VISIT OUR WEBSITE WWW.FOXANDSONSAUCTIONS.CO.UK
A One Bedroom First Floor Maisonette
In Need Of Complete Modernisation
For Cash Buyers/Professional Investors Only
Tenure:Leasehold with Vacant Possession
Location:This converted apartment is located within the popular residential area of Wellswood which is around 1 mile from the main town centre. Torquay is a popular holiday destination and is referred to as being the English Riviera. Excellent facilities and amenities can be found in the town along with its beaches and tourist attractions.
Accommodation:GROUND FLOOR: External Staircase leading to First Floor.
FIRST FLOOR: Front Door into Entrance Hall, Lounge, Kitchen, Bedroom, Bathroom.
Lease Details:The Lease is dated 24th June 2008 for a term of 999 years commencing from 24th June 2008.
Agents Note:From initial enquiries there would appear to be no formal management structure in place and therefore this property is suited to cash buyers looking for a renovation project and investment purchase. Projected rental income for this property when improved is circa £425 pcm - £440 pcm, giving close to a 10% return on the investment after some improvement costs.
IMPORTANT NOTICE: The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if
appropriate the auctioneers may adjust the guide price to reflect this.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Fox & Sons, Southampton Auctions on 02380 338066.
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