Investment Opportunity
39 St Peters Street, Tiverton, EX166NW
- 4
Key features
Guide Price: *
£350,000
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
Opening bid:
£300,000Bid history
0 bidsDescription
Offered to the market via an online auction, 39 St Peter Street is a great investment opportunity, with three individual flats generating an income of around £29,750 per annum currently. The property occupies a position close to Tiverton town centre, with a large rear garden (allocated to the ground floor flat). The property further benefits from a basement, accessed from the Kitchen of Flat A, which provides further large storage area, equating to a similar square footage as the Kitchen and Lounge of Flat A.
Flat A is a spacious ground floor three bedroom apartment with the added benefit of the basement and large rear garden.
Flat B is a first floor three/four bedroom apartment offering spacious accommodation with gas central heating.
Flat C is a second floor one bedroom apartment with gas central heating.
The front of the property is Grade II listed.
SERVICES & OUTGOINGS
We understand that mains electric, water and drainage are connected to the property. Partial mains gas connection.
Council Tax: Flat A - Band A
Flat B - Band A
Flat C - Band A Mid Devon District Council, Phoenix House, Phoenix Lane, Tiverton
Method of sale
The property will be offered for sale by online unconditional auction: www.gth.net/auctions/property/onlineauctions Timed Online Auction due to end at 12noon on Friday 15th November 2024.
Reserve
The property will be offered for sale subject to an undisclosed reserve and the Vendors reserve the right through their Agents to bid up to and including the reserve price.
Auction pack
The Auction Pack prepared by the vendor ’s solicitors, containing the contract and special conditions of sale, is available online at www.gth.net/auctions/property/onlineauctions. All prospective purchasers bidding through the online auction will be deemed to have bid for the property in the full knowledge of their contents and shall not raise any requisition or objection whatsoever thereafter.
Buyers & administration fees
At the end of the auction the successful purchaser(s) will be liable to pay the sum of £5,000, of which a “buyers fee” of £3,600 (incl. VAT) is retained by Bamboo Auctions/GTH as a contribution towards the online platform costs, and the remaining £1,400 goes towards the purchase price. In addition, an “administration fee” of £600 incl. VAT will be payable by the successful purchaser immediately following the auction.
Bidder registration
All bidders are required to register online at gth.net/auctions/online auction in order to view the legal documents and/or bid. Consumer protection regulations
Whilst we endeavour to make our sales details accurate and reliable, if there is any point which is of particular interest to you please contact the office and we will be pleased to confirm the position for you, particularly if you are contemplating travelling some distance to view the property.
DIRECTIONS
What3words:///recall.glee.boss
Additional information
Broadband: Superfast broadband is available.
Mobile Coverage: Available via EE, O2, THREE and VODAFONE. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.
Flooding: The property is in an area at a NO RISK from River/Sea and Surface Water flooding.
Planning Permission: The property is located within Tiverton Conservation area.
Summary
- Auction end
- 21st Mar at 12:00
- Property type
- Terraced
- Tenure
- Freehold
- Bedrooms
- 7
- Bathrooms
- 3
- Council tax band
- Ask Agent
Summary
- Auction end
- 21st Mar at 12:00
- Property type
- Terraced
- Tenure
- Freehold
- Bedrooms
- 7
- Bathrooms
- 3
- Council tax band
- Ask Agent
This property is being sold by:
Greenslade Taylor Hunt - Tiverton
01884 243000
5 Fore Street, Tiverton, Devon, EX16 6LN
†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 GTH 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 GTH 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.
