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1 bedroom flat for sale
Church Street, Paignton, Devon
£26,000
Church Street, Paignton, Devon
£26,000
Our Summary
- In need of modernisation18A - First Floor FlatLease term 999 years from 25/04/1986Ground rent £25 pa
- They are not necessarily figures which a property will sell for and may change at any time prior to the auction
- Virtually every 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
- The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”
Description
This property is a three-flat freehold building in need of modernization. The ground floor front flat is available for lease with a 199-year term from 2018 and a ground rent of £135 per annum. The ground floor rear flat is currently vacant. The first-floor flat has a 999-year lease from 1986 and a ground rent of £25 per annum, with Section 5A notices issued to qualifying leaseholders. The guide price for the property is not specified, but it is subject to a reserve price, which is expected to be set within the guide range or no more than 10% above a single figure guide. The property is being sold through an auction, and the successful bidder will be required to pay a purchaser's administration fee of £1,500 plus VAT, unless otherwise stated.