METHOD OF SALE

The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Wednesday 14th May 2025 at 4pm. The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date.

DESCRIPTION

An investment opportunity to purchase 6 apartments, including the freehold. The properties comprises on the ground floor, a one bedroom and a two bedroom apartment, on the first floor there is a two bedroom and a three bedroom apartment with a balcony. The second floor also has a two bedroom and a three bedroom apartment. Outside there is a communal drying area, bicycle parking and car parking spaces.

Rents applicable from 1st October 2024, are as follows:

2 bed ground floor disabled access flat - £514.59

1 bed ground floor flat - £386.94

3 bed first floor flat - £618.31

2 bed first floor flat – £514.59

3 bed second floor flat - £618.31

2 bed second floor flat – £514.59

The property is subject to a Section 106 for an affordable housing scheme and a local occupancy restriction, covering the following areas: High Bickington, Atherington, Yarnscombe, St. Giles in the Wood, Roborough, Ashreigney, Burrington, Chittlehampton, Chittlehamholt and some parts of Umberleigh. 

APARTMENTS

14 Ridgeway Green

ENTRANCE LOBBY entrance matting with fitted carpet, meter cupboard, door leading into LOUNGE/DINER with 2 sets of French doors to front with Juliette railings, fitted carpet. KITCHEN AREA with vinyl tiled floor, roll top work surface with matching wall and base units, space for white goods, electric halogen hob with stainless steel extractor over, stainless steel sink and drainer unit with mixer tap, splashback tiling, space for free-standing fridge/freezer, cupboard housing hot water cylinder. OPEN PLAN HALLWAY leading to Bedrooms. BEDROOM 1 with window to front, fitted carpet. WET ROOM with tiled shower, WC, vanity wash basin with mixer tap, partly tiled walls, extractor fan, AIRING CUPBOARD housing slatted shelving. BEDROOM 2 with window to front, fitted carpet. EN-SUITE SHOWER ROOM with tiled shower, pedestal wash basin with mixer tap, dual flush WC.

15 Ridgeway

Accessed via COMMUNAL ENTRANCE HALL. ENTRANCE LOBBY with entrance matting, fitted carpet, intercom entry system. BEDROOM with fitted carpet. BATHROOM opaque window to side, panelled bath with shower over, dual flush WC, pedestal wash basin, AIRING CUPBOARD with bar heating and slatted shelving. OPEN PLAN LIVING/DINING/KITCHEN with windows to front, fitted carpet and vinyl flooring in KITCHEN AREA, cupboard housing hot water tank, roll top work surface, inset sink and drainer, tiled splashback, matching wall and base units, electric oven and hob with extractor over, space for white goods.

19 Ridgeway

A 2nd Floor Apartment accessed via Service stairwell. ENTRANCE HALL with matting and fitted carpets, entry phone system, AIRING CUPBOARD with double doors, fitted bar heated and slatted shelving. OPEN PLAN LIVING/DINING/KITCHEN with windows to front looking into the cul-de-sac and surrounding fields. LIVING AREA with fitted carpets, KITCHEN with vinyl flooring, matching wall and base units, space for white goods, fitted electric oven, hob and stainless steel extractor, stainless steel sink and drainer with tiled splashback, cupboard housing hot water cylinder. BEDROOM 1 with 2 sets of French doors with Juliette balcony, fitted carpet. EN-SUITE SHOWER ROOM with vinyl flooring, tiled shower, dual flush WC, pedestal wash basin, extractor fan. BEDROOM 2 with fitted carpet, window to rear with views towards the village and Exmoor. BEDROOM 3 with fitted carpet, window to rear with views towards the village and Exmoor. BATHROOM with Velux window, panelled bath with shower over, tiled splashback, dual flush WC, pedestal wash basin, vinyl flooring, extractor fan.

17 Ridgeway

A 1st Floor Apartment accessed via Service stairwell. ENTRANCE HALL with matting and fitted carpets, entry phone system, AIRING CUPBOARD with double doors, fitted bar heated and slatted shelving. OPEN PLAN LIVING/DINING/KITCHEN with windows to front looking into the cul-de-sac and surrounding fields. LIVING AREA with fitted carpets, KITCHEN with vinyl flooring, matching wall and base units, space for white goods, fitted electric oven, hob and stainless steel extractor, stainless steel sink and drainer with tiled splashback, cupboard housing hot water cylinder. BEDROOM 1 with 2 sets of French doors with balcony, fitted carpet. EN-SUITE SHOWER ROOM with vinyl flooring, tiled shower, dual flush WC, pedestal wash basin, extractor fan. BEDROOM 2 with fitted carpet, window to rear with views towards the village and Exmoor. BEDROOM 3 with fitted carpet, window to rear with views towards the village and Exmoor. BATHROOM with Velux window, panelled bath with shower over, tiled splashback, dual flush WC, pedestal wash basin, vinyl flooring, extractor fan.

SECTION 106

The property is subject to a local occupancy restriction. Further details can be obtained via the sole selling agent, Stags Barnstaple.

SERVICES

Mains electricity, water and drainage. District Heating System fuelled by Biomass Boiler. Radiators and hot water tank with immersion heater. Maintenance charge of £45.00 per month for the upkeep of the communal areas; including, parking, shared grounds, lighting, external window cleaning. According to Ofcom, Ultrafast broadband is available at the property and there is the likelihood of coverage from several mobile phone networks. For more information please see the Ofcom website: https://checker.ofcom.org.uk/ 

SITUATION & AMENITIES

High Bickington is a thriving village with many amenities including; a well regarded primary school, public house, Church of England and Methodist Chapel, community shop, community centre, post office, two playing fields/parks, community woodland, allotments, golf club at Libbaton nearby and bus services. The Mole Resort, Golf Club is also within around 15 minutes’ drive and has facilities including swimming pools, gym, spa, tea room, restaurant etc. Umberleigh train station is within 3 miles and provides a regular service between Barnstaple and Exeter. Barnstaple, the regional centre, is about 10 miles away and offers the area's main business, commercial, leisure and shopping venues as well as District Hospital. The sandy surfing beaches at Croyde, Saunton (also with Championship golf course) and Woolacombe are all within about 40 minutes by car as are Dartmoor and Exmoor National Parks.

PROOF OF IDENTITY

Under the 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 FEES

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.

The Buyer shall on the Completion Date pay to the Seller all fees paid by it for any official searches and enquiries made of local or public authorities in respect of the Property before the date of the auction copies of which are available for inspection by the Buyer. 

DEPOSIT PAYMENT

The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amounts paid online) within 48 hours of the end of this online auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly. The remainder of the 10% deposit payment is handled by the buyer’s solicitors and must be in their client account no later than 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.

AUCTION 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, this will/may contain material information regarding the property, and to consult legal advice prior to bidding.

SEARCH FEES

The Buyer shall on the Completion Date pay to the Seller all fees paid by it for any official searches and enquiries made of local or public authorities in respect of the Property before the date of the auction copies of which are available for inspection by the Buyer. 

SELLER'S SOLICITOR

Slee Blackwell Solicitors - Nick Arthur

nick.arthur@sleeblackwell.co.uk / 01271 372128

10 Cross Street, Barnstaple, Devon EX31 1BA.

TENURE & COMPLETION

The property is sold freehold with completion 28 days after the auction or earlier by agreement.

VIEWINGS

Strictly by prior appointment with the vendor's appointed agents, Stags Barnstaple Office 01271 322833 or barnstaple@stags.co.uk

DEFINITION OF AUCTION GUIDE 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. 

IMPORTANT

Stags gives notice that: 1. These particulars are a general guide to the description of the property and are not to be relied upon for any purpose. 2. These particulars do not constitute part of an offer or contract. 3. We have not carried out a structural survey and the services, appliances and fittings have not been tested or assessed. Purchasers must satisfy themselves. 4. All photographs, measurements, floorplans and distances referred to are given as a guide only. 5. It should not be assumed that the property has all necessary planning, building regulation or other consents. 6. Whilst we have tried to describe the property as accurately as possible, if there is anything you have particular concerns over or sensitivities to, or would like further information about, please ask prior to arranging a viewing.

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.

DEPOSIT PAYMENT

The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amounts paid online) within 48 hours of the end of this online auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly. The remainder of the 10% deposit payment is handled by the buyer’s solicitors and must be in their client account no later than 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.