A two bedroom first floor flat situated in the popular Preston area of Paignton and conveniently situated for both local shops and sandy beach. The apartment offers spacious living accommodation with sitting room, kitchen/diner, utility room and bathroom, along with the freehold of the building with the ground floor flat paying a peppercorn ground rent. The flat is currently let on a rolling AST, generating a modest income of £550 pcm/£6,600 pae,
The flat previously had a Grant of Conditional Planning Approval under application number P/2010/0013 for 'Conversion of existing roof area to form 2 bedroom and en-suite for upper floor flat with roof lights to side elevation'. Interested parties must make and rely upon their own planning enquiries of Torbay Planning Department as to if this permission could be reinstated.
Property Auctions South West
2 Cotton Street
t. 01395 275 691
2 Cotton Street
Tel: 01395 275 691
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The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
A successful purchaser will also be required to pay a Buyer’s Administration Charge of 1.2% of the purchase price subject to a minimum fee of £1,500 including VAT (unless stated otherwise within the property description in the catalogue) by debit card or bank transfer.
You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees).