South Brent
The Friary, South Brent, TQ10 9AB
- 5
Guide Price: *
£64,000
Fees apply
Buyer's fee:£3,600
Admin fee:£1,800
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
Sold for:
£70,000Bid history
0 bidsLOCATION
Located on the main street through South Brent village, which is in the Dartmoor National Park, close to the A38 Devon Expressway and just 5 miles from Ivybridge and 6 miles from Buckfastleigh.
DESCRIPTION
An opportunity to acquire the long Lease of this delightful fish and chip shop, the goodwill, fixtures, fittings and equipment of the shop, as per the inventory. A well-established takeaway business, in a central village location which has been owned by the same proprietor for 19 years. It is open all year round with good local trade and benefits from a substantial summertime boost from the many additional visitors to the area.
The shop which is on the ground floor comprises a sales area, a preparation room, a potato store and a staff W.C. The flooring throughout is ceramic tiling.
SALES AREA - 13'4 x 10'11 (4.06m x 3.33m) equipped with Preston and Thomas 2 pan gas fired frying range, back bar double deep fat fryer, griddle, 2 microwave ovens, small fridge/freezer and Insectocutor.
PREPARATION ROOM - Equipped with Crypto peerless 28lb potato rumbler, potato chipper, x4 full height commercial freezers, x2 large fridges, microwave oven, stainless steel sink and drainer, wash hand basin and Insectocutor.
OUTSIDE - There is a small shared courtyard area, with rear access to the back of the preparation room.
TURNOVER
As of 2018 and 2019, approximate turnover of £75,000.
LEASE
Original Lease dated 08th March 1991 for 999 years.
RENT
Peppercorn rent
SERVICES
Mains gas, electricity, water, drainage and telephone connected.
STOCK
Ambient stock will be included in the sale.
RATES
Currently 100% exemption from business rates.
LEGAL COSTS
The purchaser to pay all their own legal costs.
PARKING
None
LOCAL AUTHORITY
South Hams District Council, Follaton House, Plymouth Road, Totnes, Devon, TQ9 5NE. Tel: 01803 861234.
METHOD OF SALE
The property is offered for sale by Traditional Online Auction (unless sold prior.) The auction end date is Wednesday 12th April 2023 at 2pm and 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 their highest bid price.
The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date.
AUCTION LEGAL PACK
This is available to download free of charge to those who have registered, from our auction partners website. It is the purchasers responsibility to make all necessary enquiries prior to the auction and we recommend purchasers to instruct a solicitor to assist.
PROOF OF IDENTITY
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. Registering is free of charge.
VENDORS SOLICITOR
Howard & Over Solicitors, Plym House, 3 Longbridge Rd, Plymouth, PL6 8LT
F.A.O Donna Baker donna.baker@howard-over.co.uk
VIEWING
Strictly by appointment with the Sole Agents, Luscombe Maye of 6 Fore Street, South Brent TQ10 9BQ
BUYERS & ADMINISTRATION FEE
The successful purchaser(s) will be liable to pay the sum of £5,000 inc VAT. From this a 'buyers fee' of £3,600 inc VAT is retained by Luscombe Maye and our auction partner (Bamboo Auctions) as a contribution towards the online auction platform costs, and £1,400 forms the deposit which is payable towards the purchase price. There is also an administration fee of £1,500 + VAT payable by the successful purchaser(s).
Summary
- Auction end
- 12th Apr at 09:32
- Property type
- Commercial
- Tenure
- Leasehold
- Bedrooms
- -
- Bathrooms
- 1
- Council tax band
- N/A
Summary
- Auction end
- 12th Apr at 09:32
- Property type
- Commercial
- Tenure
- Leasehold
- Bedrooms
- -
- Bathrooms
- 1
- Council tax band
- N/A
This property is being sold by:
Luscombe Maye - South Brent
01364 646170
6 Fore Street South Brent TQ10 9BQ
†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 Luscombe Maye Online 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 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 Luscombe Maye Online Auctions. 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.
