A vacant two bedroom apartment located in the heart of Paignton. The property has an entrance hallway, living room, kitchen, two double bedrooms and a family bathroom. The property has the potential to achieve £850 pcm (£10,200 pa) in rental income, making this an excellent investment opportunity or owner occupier purchase. The apartment has potential for someone looking to add value with minor refurbishments Service Charge: £840 per year Ground Rent: £50 per year Lease Length: 151 Years Paignton, a charming seaside town on the English Riviera in South Devon, is renowned for its beautiful sandy beaches, vibrant seafront, and family-friendly atmosphere. A popular holiday destination, it offers a variety of attractions including Paignton Pier, Paignton Zoo, and Splashdown Quaywest water park. The town boasts a bustling town centre with an array of shops, cafes, and restaurants, as well as excellent transport links to nearby Torquay and Brixham. Auctioneers Note The deposit for exchange of contracts on this property is 10% subject to a minimum of £10,000. The completion period for this property is 28 days. Starting Bid and Reserve Price *The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction which is generally no more than 10% in excess of the guide price. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price. Reserve prices are subject to change up to the date of the auction. Please note that’s Lots may be withdrawn prior to the end of auction. Disclaimer These particulars, whilst believed to be accurate based on information from the seller and photographic evidence, are set out as a general outline only for guidance and do not constitute any part of an offer or contract. We have not physically inspected the property, therefore intending purchasers should not solely rely on these details as statements of fact, but must satisfy themselves by personal inspection or other means to verify the information provided. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. If the property is occupied during the auction but to be sold with vacant possession, we take no responsibility if the property is not vacated on or before completion.