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Lot 11

Freehold Vacant Shop & 3 Flats
6 week completion

sItuation

Located close to the junction with Bampton Street in this popular commercial thoroughfare, directly opposite Lloyds Bank and surrounded by multiples such as Argos, Poundstretcher, Barclays, NatWest, The Works, Card Factory, Superdrug, Greggs, WH Smith and Boots.
Tiverton is a historic market town located just off the main A361 which gives easy access to the M5 (Junction 27) some 7 miles distant and being 14 miles north of Exeter.

PROPERTY

A mid terraced Period building comprising a Ground Floor Shop and Basement and 3 Self-Contained Flats on first, second and third floors accessed via a side passageway referred to as Stafford Place.
We understand that the flats have not been occupied for at least 15 years and require complete modernisation.

Accommodation¹

Ground Floor Shop
Gross Frontage 27'2"
Internal Width 25'7" reducing to 5'1" at rear.
Shop Depth 35'10"
Built Depth 48'10"
Sales Area Approx. 677 sq ft
Kitchen/Office Approx. 100 sq ft
Basement
Area Approx. 308 sq ft
2 WCs

First Floor Flat
1 Bedroom, Living Room, Open Plan Area, Kitchen, Bathroom/WC
GIA Approx. 660 sq ft

Second Floor Flat
1 Bedroom, Living Room, Kitchen, Bathroom/WC
GIA Approx. 581 sq ft

Third Floor Flat
1 Bedroom, Living Room, Kitchen, Bathroom/WC
GIA Approx. 528 sq ft

¹Areas supplied by the Joint Auctioneers.

VAT is applicable to this Lot

FREEHOLD offered with VACANT POSSESSION (see Note)

Note: Holland and Barrett closed the shop on 14th June 2023 and their lease expires on 30th June 2023. The rent being paid until the lease expires is £32,500 per annum exclusive.

VIDEO TOUR

Click here to view the video tour of the first floor flat

Click here to view the video tour of the second floor flat

Click here to view the video tour of the third floor flat

Enquire about this lot:

JOINT AUCTIONEER:
Mellersh & Harding LLP
Tel: 020 7522 8500 Ref: David Mundy
dmundy@mellersh.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

35 Fore Street, Tiverton, Devon EX16 6LZ