About this property

A high yielding three storey end of terrace property requiring some remedial works and updating, currently comprising of three x 1 bedroom apartments and 2 studio apartments, all currently let and generating an income of £2,675 pcm/£32,100 pae. The property has the benefit of on drive parking and an enclosed rear garden currently allocated to the ground floor rear flat, a gas central heating system serving all five flats and included in the rents passing, with top up smart meters providing electricty to each unit. The property is likely to appeal to the career lettings fraternity and to those looking for a post works break-up and resale opportunity.

Listed By

Sutton Kersh - Auctions
2 Cotton Street,
Liverpool,
L3 7DY

t. 0151 207 6315
f. 0151 207 6316
auctions@suttonkersh.co.uk

Full Description

Tenure - Freehold


Situated

Polsham Park is a popular residential lettings area being conveniently situated for the town centre facility and amenities of Paignton, along with its sandy beaches and pier.

Ground Floor

Communal entrance hall, studio flat to the front of the property and a one bedroom garden flat to the rear with enclosed garden.

First Floor

Landing, two x 1 bedroom flats.

Second Floor

Studio flat.

Outside

On drive parking and an enclosed rear garden.

Viewings

Strictly by prior appointment with Fulfords Paignton 01803 529529. General enquiries Countrywide Property Auctions 01395 275691.

Current Rents

Flat 1 - £600 pcm/£7,200 pae
Flat 2 - £500 pcm/£6,200 pae
Flat 3 - £550 pcm/£6,600 pae
Flat 4 - £500 pcm/£6,200 pae
Flat 5 - £525 pcm/£6,300 pae

EPC Ratings

All flats are EPC rated D

Council Tax Bands

All flats are Council Tax Band A

Photos
Map

7 Polsham Park, Paignton, Devon

Arrange a Viewing / Enquire

We would love to hear from you

Simply fill in and send the form and one of our consultants will get in touch with you shortly. Please note all fields marked with * must be completed.

Your information is being collected and processed by Countrywide. All information will be processed in accordance with the General Data Protection Regulation. Full details of how we process your information can be found on our website Privacy Policy. Print copies of our privacy notice are available on request. If you need to discuss how your information is being processed, please contact us at privacy@countrywide.co.uk

Viewings

We are following Government Guidelines to allow viewings to take place on vacant lots. Where possible, we will upload 360° tours or video tours and internal pictures of lots on our website and we advise that you view these before booking a viewing. We would respectfully remind all parties that strict social distancing will be applied to viewings and facemasks must be worn. You will be allocated a strict 10-minute slot, must attend alone, and wear a facemask. We do ask for your patience, it may not always be possible to accommodate everyone, but we assure you our team is working hard to keep the property market open.

* Guide Price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve Price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Buyer's Fee

You will also pay a Buyers Administration Charge, to the auctioneers of 1.35%+VAT of the purchase price subject to a minimum fee of £1,800 + VAT (unless otherwise stated in the property description in the catalogue or addendum).

Legal Packs

You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees)

NAEA propertymark logo

ARLA propertymark logo

We are a member of the Propertymark Client Money Protection Scheme
View CMP Certificate
Conduct & Membership Rules

The Property Ombudsman logo

^M