Lot 94 Two-Bedroom Residential InvestmentAuction Date:
5th May 2022
342A Torquay Road, Paignton, Devon, TQ3 2DQ
Currently let at £5,160 per annum
Currently let at £5,160 per annum Estimated rental
Situated in the popular Preston area on the northern side of Paignton with local shops and amenities, and close to its two main beaches, this two-bedroom leasehold maisonette offers spacious accommodation arranged over two floors.
The property is let on an Assured Shorthold Tenancy to the same tenant for over 25 years and is likely to be of interest to investment buyers wishing to add to their property portfolio.
Ground Floor
Entrance porch with stairs to the first floor hallway, living room, dining room, kitchen, bathroom and bedroom.
Second Floor
Bedroom.
Tenancy
Let on an Assured Shorthold Tenancy Agreement from 25th August 2011 at a current rental of £430 per calendar month.
Tenure
Remainder of a 99-year lease from 25th August 2011.
Viewing
External only.
Council Tax Band B
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
