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Flat 7, Ansteys Court, 327 Babbacombe Road, Torquay TQ1 3TB

Lot no: 29 Sold at Auction for £100,000
 

Guide Price £70,000 - £85,000 plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 27th June 2024

9.00am
Key Features
  • Guide Price Range: £70,000 - £85,000
  • Top Floor, Two Bedroom and Two Bathroom Apartment
  • Art Deco style complex
  • Modern Open Plan Living accommodation
  • Potential rental income in excess of £10k per year
  • Enviable and popular residential location
  • Located between Babbacombe and Torquays harbourside
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Sold at Auction for £100,000

Apartment

Property Description:

An immaculately presented Top Floor apartment within a stunning Art Deco styled complex, located in an extremely popular residential location, close to Babbacombe and Torquays harbourside.

This 2 bedroom, 2 bathroom apartment with open plan living/dining/kitchen is suitable for individuals looking to live in a stylish apartment within an enviable location. The property will also suit an investor looking for a superb return on their investment with income potential in excess of £10k per year.

Ansteys court has allocated parking, a communal garden and an entry system.


Location:
There is a wide range of local amenities close to the property which boasts an array of shops, bistro restaurants and pubs.

Transport Links
By Train: Torquay Train Station has some direct lines to London Paddington and Birmingham and is just one stop from the main line Newton Abbot.

By Air: Exeter Airport provides both UK and international flights.

By Sea: Torquay Marina provides a safe haven for boats in all weathers, sheltered from the prevailing south-westerly winds.

Regional Cities of Exeter and Plymouth approximately 22 miles and 32 miles respectively. Magnificent Dartmoor National park approximately 12 miles.

Accommodation:
Entrance Hall
Sitting Room - 11ft 4 x 11ft 3
Kitchen - 11ft 4 x 7ft 8
Bedroom One - 13ft 3 x 11ft 1 with En suite
Bedroom Two - 9ft 9 x 9ft 6
Bathroom
Additional Information

Construction Material: Standard brick. Services: All mains services connected. Heating: Boiler, mains gas. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone and EE show as available in this area. Satellite and Cable - BT and Sky show as available in this area.

Leasehold Information

The seller has advised us there is no ground rent payable, and there are 122 years remaining on the lease. The annual service charge is £1,180. Please refer to the legal pack for further details and confirmation. Any service charge review periods will be confirmed in the lease documents within the legal pack.

Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Note

Prospective buyers are to note that in accordance with the terms of the lease any purchase by a company would require landlord consent prior to sale. Bids at auction will therefore be taken from individuals only

Tenure:

Leasehold. Vacant possession upon completion.

Annual Service Charge

£1,180



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.


Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).


Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.