Torre Cottage is a substantial semi-detached property converted into a House in Multiple Occupation (HMO), which has been successfully run and managed to create a high-return residential investment.
An 11-unit HMO, arranged with 10 rooms and a separate cottage. The property offers generous accommodation and each unit has either a private kitchenette provision or use of one of the two communal kitchens. Several of the units benefit from private en-suites/shower facilities. Retaining several original features, the property is an excellent example of a converted HMO.
Main Building Ground Floor Entrance hallway, five rooms (two en-suite, two with shower facilities, one with private kitchen), communal kitchen, communal shower room and separate W.C.
First Floor Five rooms (two en-suite, three with private shower facilities), communal kitchen and communal bathroom.
Cottage Accessed via the rear garden. Entrance porch, living area with kitchen and bedroom with en-suite bathroom.
Outside There are front and rear paved and gravelled gardens.
Tenancies Each room is let under the terms of an Assured Periodic Tenancy, at the current rentals as listed below:-
Room 1 - 600 per calendar month.
Room 2 - 575 per calendar month.
Room 3 - Vacant.
Room 4 - 500 per calendar month.
Room 5 - Vacant.
Room 6 - Vacant.
Room 7 - 420 per calendar month.
Room 8 - 550 per calendar month.
Room 9 - 575 per calendar month.
Room 10 - 433.33 per calendar month.
Annexe - 750 per calendar month.
Local Planning Authority Torbay Council. Tel: 01803 207801. Website: torbay.gov.uk.
Auctioneers Note At the time of publication the Auctioneers have not inspected the Lot. Interested applicants should make their own enquiries to verify the information provided.
EPC Rating D
Council Tax Band E
Freehold with Part Vacant Possession
Residential EPC: D
Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information *Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/
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