High Street, Bideford, Devon

5 Bedroom Apartment for sale in Devon

2 5 3

Mixed commercial/residential investment sale
High Street location
In the river port town of Bideford
3 Flats plus ground floor shop
All fully let - rent circa £26,639 per annum with scope to increase
A well cared for Grade II listed property
Genuine retirement sale by the owners

FOR SALE BY ONLINE AUCTION
AUCTION ENDS FRIDAY 31ST OF MAY 2024 AT 12 NOON.

PROPOSAL
The property will be offered for sale by online auction with a price guide in excess of £225,000. All offers will be considered beforehand.

THE PROPERTY
Grade II Listed building which has been lovingly looked after by the retiring owners over the last 40 years. The property is surprisingly spacious with 3 apartments over the ground floor launderette. In addition there is a small rear yard and rear garden. There is no parking but there are public car parks nearby in Allhalland Street.

THE PROPOSAL
We are selling the property as a mixed residential and commercial investment. The ground floor is let on a commercial lease and the three apartments are all fully let. Copies of the tenancy agreements are available upon request after inspection by seriously interested parties. For the complete rent schedule please contact the agents.

AGENTS NOTE
The current rent has not been increased for many years, therefore a purchaser has the opportunity to revise the rents accordingly.

SOLICITORS
For the legal pack contact the owners' solicitors: Messrs Brewer Harding & Rowe,                                                                                                                               1 The Square Barnstaple EX32 8LS. Greg Cloke Email: gregcloke@bhrlaw.co.uk Telephone: 01271 340 669.

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.   
      
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. Webbers and Bamboo 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 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.      

BUYERS PREMIUM & OTHER CHARGES   
The winning buyer is charged a sum of £5,000. From this a buyers fee of £3,600 (including VAT) is retained by Webbers/Bamboo Auctions as a contribution towards online platform costs and £1,400 is payable towards the purchase price. On completion the Buyer will pay the sum of £450.03 to the Seller's solicitors in reimbursement of search fees.

Launderette 14'4" x 38' (4.37m x 11.58m). This measurement includes the rear service area.

Counter Servery 15' x 12'7" (4.57m x 3.84m).

Inner Rear Hallway

Boiler Room 12'2" x 11'4" (3.7m x 3.45m).

Staff Area 25' x 6'9" MAX (7.62m x 2.06m MAX). With service door to rear. Sink unit and laminated work surfaces.

Stock Area 17'5" x 6'1" (5.3m x 1.85m). With Staff Cloakroom with wash basin. Door to rear yard and upper garden area beyond.

Store 7'9" x 8'8" (2.36m x 2.64m).

Residential Accommodation

Hallway    With built in wall cupboard with electric meters.

Staits to First Floor

Rear Flat

Bedroom One 15'7" x 9'9" (4.75m x 2.97m).

Lounge 17'7" x 12'1" (5.36m x 3.68m).

Kitchen 17'2" x 18' (5.23m x 5.49m). Door to outside and built in cupboard.

First Floor Flat

Lobby

Rear Open Plan Kitchen/Diner/Lounge area 15'3" x 11'2" (4.65m x 3.4m).

Bathroom WC

Bedroom One 15'6" x 7'8" (4.72m x 2.34m).

Bedroom Two / Lounge 15'6" x 9'1" (4.72m x 2.77m).

Stairs to Second Floor Top Flat

Large Inner Lobby Area

Lounge 11'11" x 10' (3.63m x 3.05m).

Bedroom One 12'8" x 8'5" (3.86m x 2.57m).

Kitchen 8' x 8'11" (2.44m x 2.72m).

Bathroom /WC

Bedroom Two 10'9" x 10'10" (3.28m x 3.3m).

OUTSIDE    This property is pavement fronting and to the rear is a pathway with steps giving access to a garden in a natural state with a garden shed which needs attention.

VAT    We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.

VIEWING    Strictly by appointment through the selling agents.

RATEABLE VALUE    £6,600 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.

COUNCIL TAX BAND    A- Torridge District Council

WEBBERS DO NOT JUST SELL HOUSES    Established over 40 years ago our dedicated specialist Commercial Department deals in the sale and letting of all types of commercial property including Guest Houses, Hotels, Restaurants, Pubs, Holiday Complexes, General Businesses, Post Offices, Retail Businesses of all kinds, Shops, Offices, Investments and Industrial Premises. If this property does not suit visit our web site www.webberscommercial.co.uk or call our office on 01271 347888.

WANT TO KNOW MORE?    We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding.
www.environment-agency.gov.uk
www.landregistry.gov.uk
www.gov.uk/green-deal-energy-saving-measures
www.homeoffice.gov.uk
www.ukradon.org
www.fensa.org.uk
www.nesltd.co.uk
http://list.english-heritage.org.uk

From our Webbers offices in Bideford turn left, proceed down Mill Street to the junction with the High Street. Turn right up the hill and continue for about 100 yards and the premises can be found on the left hand side being the Bideford Launderette with flats over.

Important information

This is a Freehold property.

Property Ref: 55651_COM240018

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