21 Pennsylvania Road, Torquay, Devon, TQ1 1NX

  • Conditional Online Auction Sale
  • Guide Price* : £165,000 plus fees

On Behalf of Ridgewater Property Ltd

  • Terrace Property Converted into Two Flats
  • Flat 1 currently rented for £625 pcm
  • Separate Entrances
  • Parking
  • Double Glazed and Gas Central Heating

Property Description

On Behalf of Ridgewater Property Ltd

2 x Two Bedroom Flats

**LOOKING FOR AN INVESTMENT THEN LOOK AT THIS GREAT PROPERTY** Flat 1 Is rented at £625pcm Flat 2 Has a rental value of up to £600pm Total monthly income of £1225 and a yearly income of £14,700 when fully let. Both flats have separate entrance, one with off street parking. Property will be sold with the freehold for the building Flat 1: has a tenant on 6 month assured shorthold rolling tenancy. Upstairs: Flat 1: Pristine condition with good carpets and interior Modern kitchen and diner 2 large double bedrooms Large Bathroom. Bottom Flat: Flat 2 Small kitchen, lounge 2 large double bedrooms Large storage area Parking and outdoor decking area. **A MUST SEE INVESTMENT** CALL FOR A VIEWING ** 01803 313577/OPTION 2

See Legal Pack

*Start Prices and Reserve Prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price, also know as a Guide Price, is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms which is available to download on our website, www.sdlauctions.co.uk.

Viewing Details

By arrangement with the auctioneer 0345 319 2162 or can be booked online www.sdlauctions.co.uk/online-auctions

Energy Performance Certificates

EPCs can be viewed in the Related Documents section on our website or in the legal pack.

Auction Type: Conditional with Reservation Fee

Every online bidder on SDL Auctions must first create an account at www.sdlauctions.co.uk/online -auctions. This is a very quick and simple process. In order to bid, you will need to be authorised for money laundering purposes, this will be carried out at the registration stage. This check will leave a soft footprint on your credit report (but it should not affect your credit rating). The registration process also requires card details to be entered, however the card will not be processed unless you are the successful bidder.

Once you have registered, you will be able to search, download legal documents, arrange site viewings and contact the Auctioneers and the solicitors if you have queries on the property.

If you are the successful bidder, at the end of the specified time period, you’ll enter into a reservation agreement with the seller and will have 40 business days within which to exchange and complete. If you fail to do so, you may lose your reservation fee. During the 40 business day reservation period, the seller is not able to accept other offers.

The sale of this lot is subject to a reservation fee of 4.8% including VAT or 4.2% including VAT in London, subject to a minimum of £6,000 including VAT. This does not contribute towards the purchase price and is payable on the fall of the hammer.

We will automatically charge you a minimum fee of £6,000, unless stated otherwise above (using the payment details provided at the registration stage) if you are the successful bidder, as payment towards a reservation fee. Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract.

By placing a bid, you are authorising the auctioneer to sign the reservation agreement on your behalf.

Joint Agent

Ridgewater Property Ltd

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Joint Agent

For viewings please contact:
Ridgewater Property Ltd
01803 313577

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