Lot 74 - MIXED USE PROPERTY/RESIDENTIAL INVESTMENT FOR IMPROVEMENT

MAY AUCTION

Currently part let at £6,240 per annum

A substantial mixed use two-storey end-terrace property in the busy Winner Street area of Paignton, which includes a range of retail amenities and residential provision. The ground floor is a double-fronted vacant retail unit, previously two shops, and the upper floor offers a spacious flat, which is currently let.

The building requires complete refurbishment and individuals may wish to consider a range of development schemes including sub-division or part conversion, subject to all necessary consents being obtainable.

Commercial

Ground Floor

Substantial accommodation including retail space, ancillary office, storage and staff facilities.

Residential

First Floor

Accessed via steps to the side of the building and across a roof top terrace. Doorway to hallway with walk-in store, living room, bedroom, box room, kitchen and bathroom.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £120 per week, payable fortnightly in advance.

Council Tax Band A

Outside

From the side entrance there is a shared bin area and small storage for the shop. Large roof top area.

Auctioneer's Note 1

For information relating to the commercial element's rateable value and other available data, please visit www.gov.uk/correct-your-business-rates and enter the postcode for the property into the appropriate search fields.

Auctioneers Note 2

We have been informed by the vendor that the retail area is 142.72 sq.m. (1,536 sq.ft.) and the first floor flat is 61.58 sq.m. (663 sq.ft.). Further information will be within the legal documentation, available to download from the Clive Emson website.

Local Planning Authority

Torbay Council. Tel: 01803 207801. Website: torbay.gov.uk.

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/

MIXED USE PROPERTY/RESIDENTIAL INVESTMENT FOR IMPROVEMENT