Lot 105

DUAL COMPONENT RESIDENTIAL INVESTMENT OPPORTUNITY

55 Parkfield Road, Torquay, Devon, TQ1 4AL
55 Parkfield Road, Torquay, Devon, TQ1 4AL
Sold £130,000

Currently let at £13,200 per annum

An opportunity to acquire this end-terrace house arranged as a two-bedroom maisonette and a two-bedroom ground floor flat, both offering spacious accommodation and situated close to Torquay town.

The property is likely to be of interest to investors looking to start or expand their property portfolio.

55A Parkfield Road

Ground Floor

Entrance porch, hallway and living room.

First Floor

Landing, kitchen/dining room, two bedrooms, bathroom and separate W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £550 per calendar month.

55B Parkfield Road

Ground Floor

Entrance porch, hallway, kitchen/dining room, living room, two bedrooms and bathroom.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £550 per calendar month

Outside

Communal garden to front.

Viewing

Strictly by prior confirmed appointment with the Auctioneer’s Office. Interested applicants are requested not to contact the tenants direct.

Auctioneer’s Note

Floor plans will be available on the Clive Emson website.

Tenure

To be sold under the terms of a new 999 year lease. Further details will be available within the legal documentation which can be downloaded from the Clive Emson website.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/