Residential and Commercial property - Torrington
New Road, Devon, EX38 8EJ
- 4
Key features
Guide Price: *
£128,000
Fees apply
Buyer's fee:£3,960
All fees include VAT at 20%
Holding Deposit: *£1,040
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Opening bid:
£110,000Bid history
0 bidsCOMING TO AUCTION (unless agreed beforehand by Private Treaty)
Auction ends 29th January 2025 at 13.00 hours.
An ideal opportunity to PURCHASE this FREEHOLD BUILDING that is set in a PROMINENT POSITION within the town just down from a BP/M&S service station providing a LARGE TWO BEDROOM first floor MAISONETTE with COMMERCIAL PREMISES under (formerly a vets), that has its own entrance.
Overall the building was producing an INCOME circa £12,000 pa in 2023 when occupied.
Residential
First floor Large sitting/dining room facing west Kitchen/breakfast room Two bedrooms Large shower room Commercial Large reception area Four internal rooms, two with sink and storage Kitchen Cloakroom Rateable value April 2023 to present £3,600
Being attached to a residential property on one side there may be scope for a change of use to full residential subject to planning consents. From the premises it is but a short walk to the town’s facilities and a short drive to RHS Rosemoor. There is a layby just outside that allows for short term parking. Traditional Online Auction Information Please note: 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.
Buyer ’s Premium & Other Charges
The winning buyer is charged a sum of £5,000. From this a buyer’s fee of £3,960 (including VAT) is retained by Webbers/Bamboo Auctions as a contribution towards online platform costs and £1,040 is payable towards the purchase price . On completion the Buyer will pay the sum of £568.03 (including vat) to the Seller’s solicitors in reimbursement of search costs
Summary
- Auction end
- 30th Mar at 13:00
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- 2
- Bathrooms
- 1
- Council tax band
- A
Summary
- Auction end
- 30th Mar at 13:00
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- 2
- Bathrooms
- 1
- Council tax band
- A
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.
