METHOD OF SALE

The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Thursday 13th February 2025 at 5pm. The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date.

THE PROPERTY

Sea Tree House is a substantial Georgian house currently arranged as three apartments (but can be used as one private house) located in the heart of the highly sought after historic and picturesque coastal town of Lyme Regis. It occupies a prime elevated position with stunning sea views along the Jurassic Coast to Portland and overlooking the iconic Cobb. The house is believed to date back to the Georgian period and is Listed Grade II of architectural or historical importance. It has a very interesting history being as a gentleman's residence in the mid 1800s. Previously, the property was a boarding house where Jane Austen is believed to have stayed in 1804 and views of the Cobb may have inspired her to write the book 'Persuasion'. Under the current ownership since 1998 and currently arranged as three apartments, the lower apartments are used for holiday lettings and the upper apartment as a private home. There is a host of character features typical of its period including large bay windows (with lovely sea views to the Cobb,) high ceilings, panelled doors, picture rails, deep skirting boards, sash windows, ornate cornices, fine main staircase and fireplaces. The two lower apartments are very classic, the upper part is a combination of classic and contemporary with a superb balcony/roof terrace taking full advantage of the coastal aspect. The accommodation is arranged as follows: Ground floor- reception hall, laundry/cloakroom and Georgian staircase. Ground floor apartment- reception hall, sitting/dining room with bay windows and French doors opening out onto the garden and patio, kitchen, bedroom with en-suite shower room. First floor apartment - reception hall, sitting/dining room with bay window, kitchen, bedroom with en-suite shower room. Upper apartment - Second floor- large landing/hall, sitting/dining room with bay window, kitchen/breakfast room, bedroom, bathroom with hip bath. Third floor- open planned bedroom with dressing room and living room area incorporating a double spa bath, separate shower room and large partially covered sun terrace/balcony. Sea Tree House also enjoys a very large rear garden with a conservatory and shed which takes advantage of the wonderful sea views.

OUTSIDE

Sea Tree House has the right to unload and load in the side passage (which is under the ownership of Palmers Brewery.) The attractive rear garden is currently divided into three areas for the apartments and again enjoys the fantastic sea views along the Jurassic Coast and overlooking the Cobb. 

SITUATION

Although located in the heart of the town centre, Sea Tree House occupies a quiet and peaceful tucked away position just off Broad Street and the sea front is very nearby. Lyme Regis is a hugely popular and historic town forming part of the World Heritage Jurassic Coast. It is famous for its iconic Cobb, harbour and beautiful bathing beaches. The thriving town centre offers convenient and bespoke shopping of a surprising variety as well as a number of renowned popular restaurants and hotels. It has excellent walks and water sport facilities and within an area designated as an Area of Outstanding Natural Beauty (AONB.) The market town of Axminster is within 4 miles with train services to London Waterloo and there is also excellent road and rail access further westwards into Devon and Cornwall.

VIEWINGS

Strictly by appointment with Stags, Bridport. Telephone 01308 428000.

DIRECTIONS

From the bottom of Broad Street, go up the hill and Sea Tree House is located on the left just past the former Three Cups Hotel.

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 FEES

The successful purchaser(s) will be liable to pay the sum of £10,000. 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 £7,600 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.

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.

SOLICITOR ACTING

Nantes Solicitors Ltd. 36 East Street, Bridport, DT6 3LH.

FAO Sam Smith - sam.smith@nantes.co.uk

COMPLETION DATE

The date fixed for completion is the date 28 days after the auction when vacant possession of the Property shall be given.

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 FEES

The successful purchaser(s) will be liable to pay the sum of £10,000. 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 £7,600 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.