Alexandra Road, Torquay

Sold via Secure Sale online bidding. Terms & Conditions apply. Guide Price £160,000

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

A four storey terraced investment property arranged as three letting units, situated in a convenient location for the Market Street and the shops and amenities of the main town centre.  The letting units currently generate a rental income of £17,496 per annum.

Door from the shared entrance hall to the

Ground Floor Studio Flat.

Bedroom 11'10" x 10'9" (3.62m x 3.30m). Double glazed window to the front. Alcoves. Electric heater.

Inner Lobby with a tiled Shower Cubicle with a glazed screen and electric shower unit. Understairs storage cupboard.

Kitchen 11'0" x 10'8" (3.38m x 3.27m). Double glazed window to the rear. Fitted with modern units in a wood grain effect finish comprising floor base cupboards and drawers with roll edge work top areas and a stainless steel sink unit. Matching wall cupboards. Space for an electric cooker with a cooker hood over. Tiled surrounds. Built in storage cupboard.

Separate WC 5'7" X 2'9" (1.71m X 0.84m). Modern white suite comprising a pedestal wash basin with an electric water heater, close couple WC. Extractor fan. Wood effect flooring.

First Floor Studio Flat.

Door from the ground floor entrance hall with stairs leading to the First Floor.

Small Landing Area.

Living Room and Kitchen 15'0" x 10'11" (4.58m 3.34m). Double glazed window to the rear. Kitchen area fitted with a range of modern units in a wood effect finish comprising floor base cupboards and drawers with long work top areas and a stainless steel sink unit. Fitted electric hob and oven. Space for a washing machine and fridge. Lounge area with space for a dining table and lounge furniture. Part carpeted and wood effect flooring. Electric heater.

Bedroom 15'1" x 10'10" (4.61m x 3.32m). Double glazed window to the front. Electric heater. Fitted double wardrobe. Door to

Shower Room/WC 7'0" X 4'4" (2.15m x 1.32m). Modern white suite comprising a pedestal washbasin with an electric water heater, close couple WC. Tiled shower cubicle with glazed screens and an electric shower unit. Recess with storage and display shelving. Extractor fan. Wood effect flooring.

Lower Maisonette.

Door from the ground floor entrance hall with stairs leading down to

Landing area. Small window. Door to the

Open Plan Kitchen and Living Room.

Living Area 13'3"x 9'8" (4.04m x 2.97m). Double glazed window to the rear. Electric heater. Fitted wardrobe, storage cupboard and shelving. Wood effect flooring. Wide opening to the 

Kitchen Area 14'10" x 10'9" (4.52m x 3.29m). Fitted with modern white floor base cupboards and drawers with roll edge work top areas and a stainless steel sink unit. Tiled surround. Matching wall cupboards. Space for a table and chairs. Wood effect flooring.

Stairs from the landing lead down to the 

Lower Hallway. Double glazed window to the rear and part double glazed door to the garden. Electric heater. Wood effect flooring. Door to a large walk in Storage/Utility Cupboard with plumbing for a washing machine.

Large Bathroom/WC 12'3" x 7'0" (3.74m x 2.15m) approximately. Modern white suite comprising a panelled bath with a tiled surround. Pedestal wash basin. Close couple WC. Separate shower cubicle with glazed screens and a chrome shower fitting. Built in cupboard. Wood effect flooring. Electric heater/towel rail. Double glazed window to the rear,

Rear Garden. Small rear garden for the maisonette, mainly concrete with a raised bed, enclosed by walls and fencing.

General.

The flats are currently let on assured shorthold tenancies. First Floor Studio Flat £448 PCM, Ground Floor Studio Flat £445 PCM, Maisonette £565 PCM.

Council Tax Bands. Each Flat is Band A (£1421.83 2023/24).

Energy Performance Ratings: First Floor Studio Flat Band E, Ground Floor Studio Flat Band D, Maisonette Band E.

Consumer Protection from Unfair Trading Regulations 2008 The agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are not included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property. Please inform us of any particular requirements that are important to you prior to viewing.

Auctioneers Additional Comments 

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as The Auctioneer. 

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. 

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. 

Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

 Auctioneers Additional Comments 

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.