*Guide Price £20,000 to £25,000 + fees. ONLINE AUCTION ends 16/07/2020. The Freehold Reversion of Annandale, 12 Belle Vue Road, Paignton, Devon. Low Ground Rent Yield. Lapsed PP for a pair of small semi-detached properties - Torbay Council Planning reference P/2013/1362. Section 5 Notices served
*Guide Price £20,000 to £25,000 + fees. ONLINE AUCTION ends 16/07/2020. The Freehold Reversion of Annandale, 12 Belle Vue Road, Paignton, Devon. Low Ground Rent Yield. Lapsed PP for a pair of small semi-detached properties - Torbay Council Planning reference P/2013/1362. Section 5 Notices served
OVERVIEW
The Freehold of Annandale, 12 Belle Vue Road, Paignton, Devon, includes a low Ground Rent from four associated long Leasehold Flats (each paying £2.50 per annum) and a lapsed planning consent for a pair of small semi-detached properties (Torbay Council Planning reference P/2013/1362). Section 5 Notices have been served on all four qualifying tenants. Copies of these will be included in the auction legal pack
An external "street viewing" can be done at any time. If a site viewing is required please contact Joint Auctioneers Barbets, Paignton, to discuss an appointment T: 01803 526262
Boyce Hatton Solicitors, 58 The Terrace, Torquay, Devon, TQ1 1DE. T: 01803 408401 Attn: Warren Douglas E: warren.douglas@boycehatton.co.uk
Please be aware that if your bid is successful on auction day, Exchange of Contracts will happen immediately after the auction. As part of the Online Auction process bidders will be required to register online and provide proof of ID documents (passport and photo driving licence) and both proof of funds and the source of funds for all buyers. For a full list of auction day requirements please either see the document within the Legal Pack or contact Auction House Devon & Cornwall
Photographs, room dimensions, floor plans and area measurements (when available) are included within our full details online at www.auctionhouse.co.uk. All published information is to aid identification of the property and is not to scale
Additional Fees
Buyer's Premium: £1,500.00
Administration Charge: £1,200.00
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion
Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
Call the team on 01752 474200 for more information
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.