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Garden Flat, 116 Hele Road, Torquay... 1 bed maisonette for sale

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Garden Flat, 116 Hele Road, Torquay... 1 bed maisonette for sale

Garden Flat, 116 Hele Road, Torquay, Devon, TQ2 7PS
£40,000

Our Summary

  • A perfect renovation project
  • A Freehold, Ground and First Floor Maisonette in need of total refurbishment
  • - Garden Flat, 116 Hele Road, Torquay, Devon, TQ2 7PSGuide Price £40,000 to £50,000 * Buyers Premium AppliesFor sale by public auction
  • unconditional online auction
  • Town & Country Property Auctions are delighted to offer For Sale by Public Auction this renovation project in the bustling South Devon Town of Torquay
  • The property requires a total refurbishment programme but once finished would make an ideal first time buy or buy to let investment
  • On the ground floor is a sitting room and space for a small separate kitchen, plumbing for a downstairs wc and potential shower room
  • The property will be entered into our 30th July auction which is held online and starts at 10am
  • Please contact Town & Country Property Auctions for more information and to register for the auction
  • The auction will be held online, and registration is now open
  • The auction conditions require a full legal completion 56 days following the auction (unless otherwise stated)
  • Pre Auction Offers Are ConsideredThe seller of this property may consider a pre-auction offer prior to the auction date
  • All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit
  • To make a pre-auction offer we will require two forms of ID,

Description

This is a renovation project, a one-bedroom maisonette on the ground and first floors, located in Torquay, Devon, which requires a total refurbishment. The property has a private rear courtyard, a sitting room, and space for a small kitchen, with stairs leading to a good-sized bedroom. The property is being sold by public auction with a guide price of £40,000 to £50,000 and is expected to generate a rental yield of £750 per month once renovated. The property will be sold with vacant possession, and the successful bidder will be required to pay a £5,000 or 5% deposit and a 5%+VAT buyers premium, with contracts exchanged immediately. The property is expected to complete 56 days following the auction.