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Lot 7 Click here for addendum

Freehold Investment – Shop/Office & 3 Bed Flat – Gross Yield 11.5%
6 week completion

Situation

Located within this established local parade serving the surrounding residential area being approximately 2 miles from Torquay Town Centre.
Torquay is a popular coastal resort situated on the south coast of Devon approx. 22 miles south of Exeter and 32 miles east of Plymouth.

Property

An end of terrace building comprising a Ground Floor Shop/Office with separate front access to a Self-Contained 3 Bed Flat on first and second floor levels. The property benefits from a side garden and rear yard with parking for 2 cars.
In addition, the property benefits from use of a rear service road allowing vehicular access for unloading.

VIDEO TOUR

Click here to view the video tour of the Flat.

VAT is NOT applicable to this Lot

FREEHOLD

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

59/59a Fore Street, Barton, Torquay, Devon TQ2 8BJ