Investment/development opportunity
South Street, Devon, EX38 8AB
- 5
Key features
Guide Price: *
£291,000
Fees apply
Buyer's fee:£3,600
All fees include VAT at 20%
Holding Deposit: *£1,400
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Highest bid:
£301,000Bid history
2 bidsG
20/03/2024 10:34:14 - £301,000
R
20/03/2024 09:27:48 - £295,000
FOR SALE BY ONLINE AUCTION - End of Auction: Wednesday 20th March at 12 noon.
Set within the heart of this THRIVING MARKET TOWN with its great community spirit, this terraced property has recently had a CHANGE OF USE granted to RESIDENTIAL and as such would make a GREAT HOME that would provide for EXTENSIVE ACCOMODATION over three floors with LONG GARDEN and a SEPARATE BUILDING that currently OFFERS UNDERCOVER PARKING but SUUBJECT TO CONSENTS, MAY OFFER ALTERNATIVE USE.
Currently set up as a small friendly licensed cafe/coffee shop with lots of local products/produce and homemade food to eat in or takeaway with private 4 bed living quarters.
FOR SALE BY ONLINE AUCTION - End of Auction: Wednesday 20th March at 12 noon.
GUIDE PRICE £291,000 Freehold
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The property offers external elevations colour wash render under a slate roof. The amount of space on offer within this property is amazing having approximatley 1800 sq.ft over three floors excluding the detached building at the back which is approximatley 833 sq.ft. There are two doors leading off a small entrance recess one that gives direct access to the owner’s accommodation with a good sized entrance hall, cloakroom, door to the outside and stairs leading to the first floor. The other opens into the existing triple aspect restaurant some 40’ long having exposed brick walling, bar, pine and carpet flooring, exposed beams and a door leading out into the gardens. This would lend itself to making two wonderful reception rooms having a large almost floor to ceiling window on the southern side. The double aspect 24’ kitchen is currently equipped with commercial range of equipment and offers plenty of opportunity to make kitchen breakfast room having a window overlooking the raised garden and a door out in to the courtyard that leads up to the garden. A handsome staircase leads to the first floor galleried landing where in its present layout are 2 double bedrooms, one having a built in wardrobe cupboard and window that overlooks the rear garden. At the front on this floor is a lovely room with southerly facing window, ornate marble fireplace with tiled hearth, cornicing, ceiling rose and although currently used as a first floor sitting room it would make a wonderful 5th double bedroom. Finishing off the accommodation on this floor is a cloakroom. The afore mentioned staircase carries on to the second floor where there are two further double bedrooms one with far reaching views across the roof tops. Also found at this level are some built in store cupboards and a very large bathroom fitted out with double ended bath with central filler mixer tap, corner shower cubicle with multi jets, pedestal wash hand basin and w.c. Outside At the far end of the garden is a substantial outbuilding that offers great potential subject to consents and has wide opening doors into Church Lane. On the ground floor are two distinct areas/rooms one being big enough to provide off street parking and the second as a large store room/workshop. In part there is ample roof storage Gardens Approached from the property via a few wide steps they are enclosed and feature near the property, impressive stone walling on two sides, a large paved terrace which is ideal for outside entertaining. Beyond is an expanse of lawn running down to a vegetable plot and hard standing beside the outbuilding.
Traditional Online Auction Information This property is for sale by traditional online auction. This means that exchange will occur when the online timer reaches zero (provided the seller's reserve price has been met or exceeded). The winning buyer will be legally obliged to purchase the property at this price.
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. Webbers and Bamboo 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 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. Buyers Premium & Other Charges The winning buyer is charged a sum of £5,000. From this a buyers fee of £3,600 (including VAT) is retained by Webbers/Bamboo Auctions as a contribution towards online platform costs and £1,400 is payable towards the purchase price. On completion the Buyer will pay the sum of £248.43 (including vat) to the Seller’s solicitors in reimbursement of search fees.
SELLER’S SOLICITOR
Shanna Newman
Slee Blackwell LLP 2-6 South Street Braunton Devon EX33 2AA Tel: 01271 812019 Email: shanna.newman@sleeblackwell.co.uk
Summary
- Auction end
- 20th Mar at 12:00
- Property type
- Residential
- Tenure
- Freehold
- Bedrooms
- 4
- Bathrooms
- 1
- Council tax band
- C
Summary
- Auction end
- 20th Mar at 12:00
- Property type
- Residential
- Tenure
- Freehold
- Bedrooms
- 4
- Bathrooms
- 1
- Council tax band
- C
This property is being sold by:

Webbers - Torrington
01805 624334
17 High Street, Torrington, Devon, EX38 8HN
†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 Webbers 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 Webbers 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.