LOT
TBC
£175,000+*
Guide price (+ fees)
An opportunity to aquire three storey mixed use premises, currently comprising of a self contained ground floor office and associated rest area, currently let on a rolling assured short hold tenancy, generating an income of £6240 pae on a rolling AST. A vacant one bedroom first floor flat and a vacant second floor two bedroom flat, both accessed via a secure entry phone system, along with a large rear storage area with natural light offering the potential, subject to any requisite consents, for the provision of further accommodation. The properties are all individually metered for utilities, with the upper floors having the benefit of gas central heating and double glazing.
292 Union Street enjoys a prominent position within a thriving retail area, with both on street parking and nearby public car parking facilities. The seaside town of Torquay is a popular holiday destination, with a wide range of recreational facilities and amenities, a marina and multiplex cinema complex, sandy beaches and a selection of bespoke cafes and restaurants.
Open plan office space, rest room with kitchenette and a cloakroom.
Communal entrance hall with secure entry phone system, rear storage area with natural light, and stairs rising to the upper floors.
Entrance hall, kitchen/diner, sitting room, double bedroom and a shower room.
Half landing with shower room, open plan lounge/kitchen/diner and two double bedrooms.
Strictly by prior appointment with Miller Countrywide Torquay 01803 291429. General enquiries Countrywide Property Auctions 01395 275691.
All units are rated C
Retail premises - VOA Rating £2,475
First Floor Flat - A
Second Floor Flat - A
292 Union Street, Torquay TQ2 5QZ
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An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
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.
You will also pay a Buyers Administration Charge, to the auctioneers of 1.35%+VAT of the purchase price subject to a minimum fee of £1,800 + VAT (unless otherwise stated in the property description in the catalogue or addendum).
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).
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