102 High Street - Honiton
102, Honiton, Devon, EX14 1JW
- 7
Key features
Guide Price: *
£325,000
Fees apply
Buyer's fee:£2,400
Admin fee:£1,200
All fees include VAT at 20%
Holding Deposit: *£2,600
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Highest bid:
£349,000Bid history
9 bidsL
23/02/2023 16:58:52 - £349,000
A
23/02/2023 16:57:48 - £346,000
L
23/02/2023 16:56:59 - £343,000
See all 9 bids ▾
METHOD OF SALE
The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Thursday 23rd February 2023 at 5pm.
The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date. The property can be accessed via our website stags.co.uk.
SITUATION
Situated at the centre of the historic High Street, Honiton offers a range of amenities including supermarkets, an out of town retail park and a diverse and interesting range of independent shops. The A30 is easily accessible and provides links to the M5 and A303. Honiton is on the Exeter to London Waterloo line, and the London Paddington line is available from Taunton. Exeter International airport is 12.5 miles away with daily flights to London. A number of popular beaches on the Jurassic Coast, such as Sidmouth and Lyme Regis, are within easy driving distance.
DESCRIPTION
Fantastic opportunity to acquire the freehold for 102 High Street with the ground floor let to successful and popular bar/restaurant on a 10 year lease with a commencement date 3rd February 2022 at £18,000 per annum + VAT, if applicable and 3 storey apartment above.
Please refer to floorplan for room sizes and layout, PDF copies available from the agent.
Please follow link to Bruv's Bar webpage for further details and images; https://bruvsbar.com/
PLANNING PERMISSION
East Devon District Council granted planning permission on 12th May 2022 for "Change of use of the upper floors from a dwelling to a 7- Bed 'Room Only' Guest House (Use Class C1) Installation of replacement windows and blocking up of one window." Further details and plans can be found on the East Devon District Council planning portal; reference 22/0497/FUL The property has potential to be developed further with conversion of the upper levels into 2 residential flats, subject to the necessary consents.
SERVICES
It is understood that all mains services are connected including 3 - Phase for use of the bar.
PROOF OF INDENTITY
Under Money Laundering Regulations 2017 it is a requirement for Estate Agents to perform due diligence checks on any person that intends to bid at auction. There will be a requirement for all bidders to register via the online sales site and complete the ID checks. There is no charge for registration.
BUYERS & ADMINISTRATION FEE
The successful purchaser(s) will be liable to pay the sum of £5,000. From this a “buyer’s fee” of £2,400 inc VAT is retained by Stags/Bamboo as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price. An additional “administration fee” of £1,200 inc VAT will be payable by the successful purchaser immediately after the auction. This will be separately invoiced by Stags.
LEGAL PACK
Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. Prospective purchasers will need to register with the Bamboo online platform in order to download the legal pack. It is the purchaser’s responsibility to make all necessary enquiries prior to the auction. Prospective purchasers are strongly advised to inspect the legal documentation and to consult legal advice prior to bidding.
SOLICITOR ACTING
Mr Alister Pilling of Alister Pilling Solicitors 45 Cross St, Camborne. TR14 8ET, UK enquiries@pillingsolicitors.co.uk - 01209 613 800
COMPLETION DATE
The completion date will be 20 working days after the auction or as dictated by the solicitor.
DEFINITION OF AUCTION AND RESERVE
Guide price(s) are an indication of the seller’s expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction. We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Guide prices may change at any time prior to the auction.
SPECIAL CONDITIONS OF SALE
Particulars, remarks and stipulations contained herein shall be deemed to form part of the special conditions of sale/auction information pack and in case of any inconsistencies the provisions of the latter shall prevail. Special conditions of sale/auction information pack is available online. It is assumed that the Purchaser will have made all necessary enquiries prior to the auction.
BUYERS & ADMINISTRATION FEE – TRADITIONAL ONLINE AUCTION The successful purchaser(s) will be liable to pay the sum of £5,000. From this a “buyer’s fee” of £2,400 inc VAT is retained by Stags/Bamboo as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price.
An additional “administration fee” of £1,200 inc VAT will be payable by the successful purchaser immediately after the auction. This will be separately invoiced by Stags.
Summary
- Auction end
- 23rd Feb at 17:03
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- 3
- Bathrooms
- 1
- Council tax band
- C
Summary
- Auction end
- 23rd Feb at 17:03
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- 3
- Bathrooms
- 1
- Council tax band
- C
This property is being sold by:
Stags - Honiton
01404 45885
Bank House66 High Street Honiton Devon EX14 1PS
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Stags Online Auction shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Stags Online Auction. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
