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2 bedroom maisonette for sale
55(A) Market Street, Torquay, TQ1 3AW
£25,000
55(A) Market Street, Torquay, TQ1 3AW
£25,000
Our Summary
- LOT 102 **FOR SALE BY ONLINE AUCTION** on 4th December 2025 Leasehold Maisonette Investment Situated on Market Street, close to the amenities available in Torquay Town Centre and travelling facilities including Torquay Train Station
- They are not necessarily figures which a property will sell for and may change at any time prior to the auction
- Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide
- Guide prices will be continually updated on our website up until the day of the auction
Description
This leasehold maisonette investment is located on Market Street in Torquay, close to the town center and train station. The property is self-contained and comprises an entrance hall, living room, kitchen, and two bedrooms, as well as a bathroom with WC. It is currently let on an assured shorthold tenancy at £500 per month, producing an annual income of £6,000. A new 999-year lease is to be granted at a peppercorn ground rent. The property is being sold by online auction on December 4th, 2025, with a guide price of £50,000 to £60,000. The buyer will need to pay a fee of £1,200 (inclusive of VAT) if the property sells for over £10,000, or £300 (inclusive of VAT) if it sells for less than £10,000.