We are working within government safety guidelines at all times, hosting tightly controlled open days. This property is vacant which means we should comfortably be able to follow social distancing guidelines and we will work to a maximum of 1 booking per time slot. Viewers will be asked to stick to their time precisely, and to keep to the 2 metre rule if in the property at the same time as another viewer. Attendees are allowed to bring one other person with them to a viewing provided that they are within the same household /support bubble. The wearing of face masks are required at this current time so viewers are asked to ensure they bring one with them, our host may have a small supply with them for those that have forgot to bring one. We will endeavour to supply hand sanitiser fluid at entrance and exit. Viewers are responsible for keeping up to date with local Government restrictions/guidelines and following them appropriately.
132 Pendennis Road, Torquay, TQ2 7QB
Special conditions
This auction is open to cash buyers only and the property is sold as seen. 90 days to complete. You will not be able to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the property or for reasons concerning the condition of the property. Please refer to our buyer terms section 10.3 and our buyer FAQ’s, these can be found on the Hammer Price Homes website.
1 Bedroom Ground Floor Flat, 132 Pendennis Road, Torquay, TQ2 7QB
Overview
Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, 1 bedroom ground floor flat in Torquay. Due to the condition, this auction is open for cash buyers only.
The property briefly comprises: To the ground floor there is a living room, kitchen, bathroom and bedroom.
Outside are communal gardens.
The property is in need of significant renovation throughout and due to its condition we feel the property is unmortgageable in its current condition, therefor this action is open for cash buyers only. The property is sold as seen and you will not be able to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the property or for reasons concerning the condition of the property. The price reflects the works that are required. Please refer to our buyer terms section 10.3 and our buyer FAQ’s for more information, these can be found on the Hammer Price Homes website.
To view this property please visit the Hammer Price Homes website, register as a buyer and book your place on an open day.
Location
The property is situated in close proximity to a number of local amenities and less than a 10 minute drive from the centre of Torquay with its extensive range of amenities, Marina and beach. Torbay hospital and Torre train station are both within walking distance from here, as are a number of parks.
Special Conditions
This auction is open to cash buyers only and the property is sold as seen. 90 days to complete. You will not be able to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the property or for reasons concerning the condition of the property. Please refer to our buyer terms section 10.3 and our buyer FAQ’s, these can be found on the Hammer Price Homes website.
Other Information
Tenure – Leasehold (93 years remaining) You will find the lease document attached to the hammer price homes website. Please note that there is a deed of variation agreed with the freeholders that will remove clause (23)(i). This means that the property will no longer need to be disposed to somebody of the pensionable age.
Ground rent – Approx £10 per annum
Maintenance Fees – Approx. £350 per quarter (includes a sinking fund contribution of around £55)
Outside Space – Communal gardens.
Auction Details
** Open to cash buyers only. 90 days to complete**
Please note that there is a Reservation fee (2.4% Inc. VAT subject to a minimum of £3,000 Inc. VAT) payable by the buyer on winning the auction. The reservation fee does not constitute part of the sale price, this is the auctioneer’s fee and is to be paid over & above the sale price paid to the Vendor.
Bidding is enabled for those who have viewed. To view the property you must register and book on one of the open days as detailed on the website. Please note: Entrance will be refused if you are not on the list so please make sure you book your place using the online system. Open days are being operated on a safe basis with a maximum of 1 booking per time slot and attendees will asked to respect social distancing guidelines at all times. Attendees are allowed to bring one other person with them to a viewing provided that they are within the same household /support bubble. The wearing of face masks is required whilst in the property. Lists close 24 hours before the open day starts so book in plenty of time.
Auction ends – Wednesday 10th March 2021 at 1pm
Bidding Window Opens – Monday 8th March 2021 (Bidding will not be possible until this time)
Starting price – £32,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)
How to make an offer
Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.
Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed and the buyer honoured to pay it. Should the buyer withdraw then they may have to forfeit the reservation fee. Please read the buyer terms and FAQ’s on the site for more details.
This is a probate property and is sold as seen. The administrator and solicitor may not be able to answer the usual pre-contract questions.
Ground Floor
Comprises of these rooms:
