Lot 27 Residential Investment Close To The WatersideAuction Date:
5th May 2022
Flat 3, 12 Northumberland Place, Teignmouth, Devon, TQ14 8DD
Currently let at £5,400 per annum
An opportunity to acquire this one-bedroom first floor apartment, ideally located in the arts quarter of Teignmouth town centre and in close proximity to all amenities and the "back-of beach" area.
The property is likely to be of interest to investors wishing to start or to add to their current rental portfolio.
Accommodation
Access via a communal entrance to the rear of the building with stairs to Flat 3. Hallway, bathroom, kitchen, living room and bedroom.
Council Tax Band A
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £450 per calendar month.
Tenure
Remainder of a 999-year lease from and including 1st January 2017.
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
