Auction Lot: Block of 6 x Investment Flats in Teignmouth, Devon, Devon
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Our Ref: CD-90346
- To be Sold by Public Auction - 29/10/26
- Block of six self-contained flats on one title
- Mix of one, two and three bedroom flats, all let
- Current rent £64,300 pa, ERV approximately £71,400 pa
- Allocated parking for every flat, plus two garages let separately
- Two purpose-built flats completed in 2016/17
- Break-up potential, GDV in the order of £1.2m
- Within walking distance of the town centre, station and seafront
Description
An attractive freehold investment of six let flats and a detached block of two garages, let separately, on a private gated site in the popular coastal town of Teignmouth, currently producing a gross rental income of approximately £64,300 per annum, with an estimated rental value of approximately £71,400 per annum.
Virtual tour:
Drone video:
Brochures
Auction Lot: Block of 6 x Investment Flats in Teignmouth, Devon, Devon
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Teignmouth Station0.5 miles
- Dawlish Station2.8 miles
- Newton Abbot Station4.3 miles
Notes
Disclaimer - Property reference 34587. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Charles Darrow, Devon. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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 Charles Darrow, Devon on 01626 242917.
*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.”