*Guide | £90,000+ (plus fees)
- Flat
- 4 Bedrooms
- Tenure: Leasehold. The flats are held on a 199 year lease from 25th December 1988 (thus approximately 161 years unexpired).
Call the team on 020 7625 9007 for more information
2 x Two Bedroom Flats Fully Let Producing £14,280 Per Annum
The property comprises a first floor two bedroom flat and a second floor two bedroom flat situated within an end of terrace building arranged over ground and two upper floors.
Tenure
Leasehold. The flats are held on a 199 year lease from 25th December 1988 (thus approximately 161 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Torre Valley North are within easy reach. Transport links are provided by Torquay rail station.
Accommodation
First Floor Flat Reception Room Kitchen Two Bedrooms Bathroom Second Floor Flat Reception Room Kitchen Two Bedrooms Bathroom
Tenancy
Flat 1 is subject to a Periodic Tenancy at a rent of £650 per calendar month. Flat 2 is subject to a Periodic Tenancy at a rent of £540 per calendar month.
Further Information
The vendor has advised that there is potential to increase the current rental income to achieve a market rent of approximately £700 per calendar month for this two bedroom property, subject to market conditions and any necessary tenancy arrangements.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
