An opportunity to acquire three residential units, garage and garden enjoying an elevated position in the town centre of Budleigh Salterton with some sea views from the first floor apartment and the low maintenance patio style gardens with a summer house. The property comprises of a ground floor double garage with electronic door, a studio apartment currently let and generating £500 pcm/£6,000 pae, a vacant first floor three bedroom apartment and a detached three bedroom prefabricated bungalow currently let on a rolling assured shorthold tenancy and generating £650 pcm/£7,800 pae. The property is likely to appeal for those seeking multi-generation occupancy, a home with income potential, a continued residential lettings investment, or for a post works break up and resale opportunity subject to any requisite consents.
Property Auctions South West
2 Cotton Street
t. 01395 275 691
2 Cotton Street
Tel: 01395 275 691
Disclaimer: On some client's instructions not all properties are available to purchase prior to auction however we will submit all offers on your behalf.
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.
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).