Lot 171 Residential Investment With Further PotentialAuction Date:
30th October 2025
Merkara, St. Lukes Road, Torquay, Devon, TQ2 5NX
Current joint rental income £13,740 per annum, fully let.
A detached property with garden and basement situated close to Torquay town centre and harbour. The property is currently arranged as a pair of flats currently fully let, in need of some improvement. It is considered there maybe potential for the basement, subject to all planning consent being obtained.
Ground Floor
Flat 1
Own access to entrance hallway, living room, kitchen, bedroom and bathroom with W.C.
Outside
Garden area to the front.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £595 per calendar month.
EPC Rating E
Council Tax Band A
First Floor
Flat 2
Own entrance to stairs, landing, living room, bedroom, kitchen and bathroom with W.C.
Outside
Garden area to the front.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £550 per calendar month.
EPC Rating E
Council Tax Band A
Basement
Currently used as storage, with dual access.
Local Planning Authority
Torbay Council. Website: torbay.gov.uk. Tel: 01803 207801.
Freehold
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
