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6 bedroom block of apartments for sale
Sebastus House, 2 Garfield Road, Paignton, Devon, TQ4 6AU
£450,000
Sebastus House, 2 Garfield Road, Paignton, Devon, TQ4 6AU
£450,000
Our Summary
- FOR SALE BY PUBLIC AUCTION - Thursday 18th September 2025 This 3-storey Victorian building has been completely redeveloped and now provides 4 spacious dwellings with a high-spec, contemporary finish
- Planning permission for the conversion was granted by Torbay Council on 22/10/2022 Ref: P/2022/0993
- ERV: £42,000+ pa Freehold For more information, legal documents and a guide to the auction process visit our website and download the online auction catalogue
- They are not necessarily figures which a property will sell for and may change at any time prior to the auction
- The reserve is a figure below which the auctioneer cannot sell the property during the auction
Description
This 3-storey Victorian building has been completely redeveloped and now offers four spacious dwellings with a high-spec, contemporary finish. The properties feature private gardens, easy access parking, and secure entry systems. The building has been designed as a "turn-key" investment for holiday lets, serviced accommodation, or AST rentals, with conservative rental values ranging from £650 to £1,000 per month. The properties have been granted planning permission by Torbay Council and have energy ratings ranging from B to C. The freehold property is expected to generate an annual rental value of £42,000 or more. The property will be sold at auction, with guides provided as an indication of the seller's minimum expectation, and a reserve price set below which the auctioneer cannot sell the property.