A truly rare and exciting development opportunity to acquire the Freehold and upper three floors of this large period terraced property, being located in a breathtaking position that commands some fantastic coastline and estuary views.
The property, which has been in most recent times used as hotel guest suites, now enjoys a grant of planning consent for the conversion into three 2-bedroom apartments and therefore will be of significant interest to those from the investment and development fraternity.
There will be others of course who may envisage alternative schemes and uses for the property such as one substantial dwelling for instance but will be subject to all the necessary consents being obtainable.
PROPOSED ACCOMMODATION
Ground Floor Flat; Not included within the sale. Being retained by the seller with the granting of a 999 year lease.
First Floor Flat; We understand this is to be c.68.50sqm and comprise the following; Private entrance, hallway, Kitchen/living room, Master bedroom with en-suite shower/WC, Bedroom 2 with access to the family shower room/WC (Jack and Jill) , private study accessed from communal landing.
Second Floor Flat; We understand this is to be c.70.07sqm and comprise the following; Private entrance, hallway, Kitchen/living room, Master bedroom with en-suite bathroom/WC, Bedroom 2 with access to the family shower room/WC (Jack and Jill).
Third Floor Flat; We understand this is to be c.68.50sqm and comprise the following; Private entrance, hallway, Kitchen/living room, Master bedroom with en-suite shower room/WC, Bedroom 2 with en-suite shower room/WC.
TENURE
Freehold with vacant possession subject to the grant of a 999 year lease of Flat 1 (ground floor flat). For further information relating to the lease and setup for the building as a whole please refer to the auction legal pack.
PLANNING
A Grant of Planning Consent was issued by East Devon Council on the 27th March 2015 under application number 14/2933/FUL for the Conversion of part of the Manor Hotel back into residential use to create three flats and associated works, including the provision of a new rear fire escape.
Application 14/2934/LBC is also relevant so please visit the website of East Devon District Council or revert to the auction legal pack for further information.
VIEWING
Please contact us on: 01395 247000 or our Joint Auctioneers, Links Estate Agents on: 01395 222350
AUCTIONEERS NOTE
The successful buyer is to grant a 999 year lease for the ground floor flat and courtyard back to the Seller on completion. Refer to the auction legal pack for further information.
EPC
Rating; C.
IMPORTANT INFORMATION
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.
AUCTION LEGAL PACK & FINANCE
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. It is the purchaser’s responsibility to make all necessary legal and finance enquiries prior to the auction.
PRICE INFORMATION
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction). This reserve figure cannot be higher than 10% above a single figure guide.
Please check our website regularly or contact us by phone for up-to-date information.
Following the fall of the hammer contracts are exchanged and there is no going back!
AUCTION INFORMATION
†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 247 Property 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 247 Property 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.