Lot 132

TRIPLE INVESTMENT OPPORTUNITY

43 Pennsylvania Road, Torquay, Devon, TQ1 1NX
Sold £176,000

Currently part let at £13,500 per annum Estimated full rental £19,068 per annum

A five storey terraced house arranged as three residential flats comprising a two bedroom lower ground and garden floor flat, a ground floor one bedroom flat and upper floors two bedroom flat. The property has a rear garden and is located in a popular residential area. It is likely to be of interest to investors wishing to start or add to their rental portfolio.

Ground Floor

Communal hall with doors to:

Flat 3

Lower Ground Floor

Hallway, two double bedrooms and shower room. Stairs down to:

Garden Level

Living room/kitchen.

Outside

Rear garden.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £595 per calendar month.

Flat 2

Ground Floor

Living room/kitchen, double bedroom and shower room.

Tenancy

Currently vacant. Until recently let at £464 per calendar month.

Flat 1

First Floor

Landing, living room, kitchen and bedroom. Stairs up to:

Second Floor

Landing, bedroom and bathroom.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £530 per calendar month.

Freehold with Part Vacant Possession

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/