Lot 120
    Mixed Use
    1-3 Old Mill Road
    Torquay, Devon, TQ2 6AU
    Unsold. Please refer to Auctioneer for Reserve
     
    Number 1
    A Residential and Commercial Investment Part Let Producing £29,800 per annum

    Description

    The property comprises a two storey end of terraced building currently arranged as a double fronted ground floor shop, extending to approximately 951 sq ft together with 4 x two bedroom flats, 1 x three bedroom flat and 1 x one bedroom flat arranged over ground and first floors.

    Location

    The property is situated on the north side of Old Mill Road towards its junction with Mallock Road/Rosery Road approximately 1 mile to the west of Torquay town centre. A number of shops and amenities are available along Old Mill Road itself with further shopping facilities, amenities and tourist attractions being available within the town centre. Rail services are available approximately 0.5 miles away at Torquay Station. The city of Exeter is accessible approximately 23 miles north. The M5 Motorway is accessible to the south of Exeter.

    Tenure (2nd Column)

    Freehold

    Accommodation (2nd Column)

    The ground floor retail premises, whilst not internally inspected by Auction House London, extend to approximately 88.3 SqM (951 SqFt) with a Retail Zone A of 53.4 SqM (898 SqFt), a Retail Zone B of 28.8 (310 SqFt) and a kitchen of 6.1SqM (66 SqFt) (all measurements taken from the Valuation Office website).

    Viewing Details

    Open House Viewings:
    Tuesday 5th September 14:00 - 14:30
    Monday 11th September 16:00 - 16:30

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Rent
    Shop (1-3) and Flat 3B Ground and First Retail shop premises and 2 Bedroomed Flat Commercial Lease £10,000 pa
    Flat 1A First 3 Bedroomed Flat AST £7,800 pa
    Flat 1B First and Second 2 Bedroomed Maisionette Vacant N/A
    Flat 1C First 2 Bedroomed Flat AST £6,000 pa
    Flat 3A First 2 Bedroomed Flat AST £6,600 pa
    Flat 3C First 1 Bedroomed Flat Vacant N/A
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    Additional Fees and Disclaimer

    Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guides are provided as an indication of each seller’s minimum expectation. 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.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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