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55(A) Market Street, Torquay, TQ1 3AW 3 bed maisonette for sale
55(A) Market Street, Torquay, TQ1 3AW
£35,000
55(A) Market Street, Torquay, TQ1 3AW
£35,000
Our Summary
- LOT 50D *FOR SALE BY ONLINE AUCTION* on 22nd October 2025Leasehold Maisonette InvestmentSituated 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 situated on Market Street, close to Torquay Town Centre and transportation links, including the train station. The property is self-contained with accommodation on the first and second floors, comprising an entrance hall, living room, kitchen, three bedrooms, and a bathroom/wc. It is currently let on an assured shorthold tenancy at £500 per month, producing an annual income of £6,000. The property will be sold by online auction on October 22nd, 2025, with a guide price range and a reserve price set by the seller. A new 999-year lease will be granted at a peppercorn ground rent, and the buyer will be required to pay a buyer's fee of £1,200 (or £300 for lots under £10,000) to the auctioneer.