COMMERCIAL & RESIDENTIAL INVESTMENT OPPORTUNITY
5 Fore Street, Chudleigh, TQ13 0HX
- 16
Key features
Guide Price: *
£230,000
Fees apply
Buyer's fee:£2,400
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:
£225,000Bid history
1 bidC
28/06/2022 14:33:11 - £225,000
Located in the heart of this vibrant town centre, convenient to nearby Exeter, the property enjoys a a prominent, high visibility, high footfall position and is currently yielding gross rents reserved of c.£24,000 per annum.
The property has accommodation across three floors with a retail shop, a hairdressing salon with residential accommodation, and 3 serviced offices.
It offers prospective purchasers maximum flexibility and options for future development, reconfiguration and uses etc subject to necessary consents.
VIEWINGS
Please call to arrange via our Joint Auctioneers Noon Roberts on 01392 691007 or ourselves on 01395 247000
TENURE
Freehold subject to tenancies.
TENANCY SCHEDULE - Please refer to auction legal pack for full information.
Unit 1 Barbers Shop; An initial period of 3 months from 1 Dec 2017 and from 1 Oct 21 on a rolling 6 month period. For rents please refer to the auction legal pack.
Unit 2 Ground Floor Shop; An initial period of 3 months from 1 Dec 2017 and thereafter on a rolling 2 month period. For rents please refer to the auction legal pack.
Unit 3 First Floor Office; An initial period of 3 months from 1 Dec 2017 and thereafter on a rolling 2 month period. For rents please refer to the auction legal pack.
Unit 4 First Floor Office; An initial 8 month term from 14th June 2021and thereafter on a rolling 2 month period. For rents please refer to the auction legal pack.
Unit 5 Second Floor Office; An initial 7 month term from 1st February 2021and thereafter on a rolling 2 month period. For rents please refer to the auction legal pack.
Residential Maisonette; An initial period of 3 months from 1 Dec 2017 and from 1 Oct 21on a rolling 6 month period. For rents please refer to the auction legal pack.
EPC
Rating; D.
ACCOMMODATION
Ground floor; Barbers Shop, retail shop, access to two bedroom maisonette.
First floor; Offices, communal kitchen, WC.
Second floor; Large Office.
IMPORTANT INFORMATION
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 (if applicable), which will be available on Auction Day.
AUCTION LEGAL PACK & FINANCE
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. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.
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 price (a figure below which the Auctioneer cannot sell the Lot during the Auction). This reserve figure cannot be higher than 10% above a single figure guide.
Please check our website regularly at www.247propertyauctions.co.uk or contact us on 01395 247000 for up to date information.
Following the fall of the hammer contracts are exchanged and there is no going back!
Summary
- Auction end
- 28th Jun at 15:00
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 2
- Bathrooms
- 3+
- Council tax band
- Ask Agent
†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 247 Property Auctions 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 247 Property Auctions. 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.
