COMMERCIAL INVESTMENT OPPORTUNITY
Ground & First Floor Store, 235 Torquay Road, Paignton, TQ3 2HW
- 5
Key features
Guide Price: *
£125,000
Fees apply
Buyer's fee:£2,400
All fees include VAT at 20%
Holding Deposit: *£2,600
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Highest bid:
£136,000Bid history
3 bidsC
18/04/2023 11:47:22 - £136,000
L
18/04/2023 11:47:02 - £130,000
C
18/04/2023 08:36:03 - £125,000
A prominently located occupied investment property close to the busy cross roads of Torquay Road and Manor Road. The property offers spacious and versatile ground floor retail accommodation, whilst there also being a first floor small store, with good internal storage and two parking spaces at the rear.
TENURE
Freehold subject to lease.
TENANCY
The property is sold with the benefit of a lease of the premises dated 17th May 2019 for a period of 15 years with a tenants only break 17th May 2024. There are rent reviews every 5th anniversary. The current passing rent is £12,000 per annum.
EPC
Rating; D.
ACCOMMODATION
Ground floor; Retail sales and storage area. First floor; Store.
IMPORTANT INFORMATION
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 (if applicable), which will be available on Auction Day.
AUCTION LEGAL PACK & FINANCE
Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal and finance enquiries prior to the auction.
Summary
- Auction end
- 18th Apr at 12:00
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
Summary
- Auction end
- 18th Apr at 12:00
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
This property is being sold by:
247 Property Auctions
01395247000
info@247propertyauctions.co.uk
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and 247 Property Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by 247 Property Auctions. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
