Floorplan
Map5 bedroom terraced house
Premium display
Auction
Sold STC
Terraced house
5 beds
3 baths
Key information
Features and description
- Sale by Online Auction
- Deadline - 29th November at 5pm
- Three Storey
- Three apartments
- Two let shops
- Investment opportunity
- Freehold
- EPC - TBC
Investment commercial and residential property in the heart of the town.
Method Of Sale - The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Wednesday 29th of November at 5pm.
The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date. The property details can be accessed via our website - stags.co.uk.
Viewing Strictly by Appointment.
Situation - Ottery St Mary has a wide range of shopping facilities, including Sainsbury's, and the renowned The Kings School together with a sought after primary school. Nearby is the popular Otter Garden Centre and Escot Park is within easy access. Exeter is an easy commute to the west and offers a wide range of facilities, rail links on the Paddington and Waterloo lines, access to the M5 at Junction 30 and Exeter International Airport.
Description - Available for sale via Auction, is this commercial and residential property in Ottery St Mary. There are two shops, with three residential flats. Two of the flats are addressed as 8 and 9 Hind street. The income from the shops on Mill street is circa £10,000 per annum for one unit, and £3750 per annum for the other. The flats are achieving circa £500 per calendar month in rental income.
The lease for 14b Mill street has approximately 60 years left to run and the current ground rent is £183.29
Services - Mains drainage, electric and water. Electric heating.
Directions - From Honiton proceed to Ottery St Mary passing Otter Nurseries, as you enter the town on Paternoster Row the Church will be found on the right hand side, follow the road down into Gold Street until you reach the Square. Turn right in to Mill Street and the property will be found on the right hand side.
Proof Of Identity - Under the 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. There is no charge for registration.
Buyers And Administration Fee - The successful purchaser(s) will be liable to pay the sum of £5,000. From this a buyer's fee of £2,400 inc VAT is retained by Stags/Bamboo as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price immediately after the auction.
An additional administration fee of £1200 inc VAT will be payable by the successful purchaser immediately after the auction.
Deposit Payment - The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amounts paid online) within 48 hours of the end of this online auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly. The remainder of the 10% deposit payment is handled by the buyer's solicitors and must be in their client account no later than 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.
Legal Pack - 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 enquiries prior to the auction. Prospective purchasers are strongly advised to inspect the legal documentation and to consult legal advice prior to bidding.
Solicitor Acting - Mr Sanjeev Harash of Messrs WBW Solicitors, The Manor House, High Street, Honiton EX14 1DJ
Completion Date - The completion date will be as dictated by the solicitor and included in the legal pack,
Definition Of Auction And Reserve - Guide price is an indication of the seller's expectation. Reserve Price is a figure below which the auctioneer cannot sell the lot at auction. We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Guide prices may change at any time prior to the auction.
Special Conditions Of Sale - Particulars, remarks and stipulations contained herein shall be deemed to form part of the special conditions of sale/auction information pack and in case of any inconsistencies the provision of the latter shall prevail. Special conditions of sale/auction information pack is available online. It is assumed that the Purchaser will have made all necessary enquiries prior to the auction.
Method Of Sale - The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Wednesday 29th of November at 5pm.
The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date. The property details can be accessed via our website - stags.co.uk.
Viewing Strictly by Appointment.
Situation - Ottery St Mary has a wide range of shopping facilities, including Sainsbury's, and the renowned The Kings School together with a sought after primary school. Nearby is the popular Otter Garden Centre and Escot Park is within easy access. Exeter is an easy commute to the west and offers a wide range of facilities, rail links on the Paddington and Waterloo lines, access to the M5 at Junction 30 and Exeter International Airport.
Description - Available for sale via Auction, is this commercial and residential property in Ottery St Mary. There are two shops, with three residential flats. Two of the flats are addressed as 8 and 9 Hind street. The income from the shops on Mill street is circa £10,000 per annum for one unit, and £3750 per annum for the other. The flats are achieving circa £500 per calendar month in rental income.
The lease for 14b Mill street has approximately 60 years left to run and the current ground rent is £183.29
Services - Mains drainage, electric and water. Electric heating.
Directions - From Honiton proceed to Ottery St Mary passing Otter Nurseries, as you enter the town on Paternoster Row the Church will be found on the right hand side, follow the road down into Gold Street until you reach the Square. Turn right in to Mill Street and the property will be found on the right hand side.
Proof Of Identity - Under the 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. There is no charge for registration.
Buyers And Administration Fee - The successful purchaser(s) will be liable to pay the sum of £5,000. From this a buyer's fee of £2,400 inc VAT is retained by Stags/Bamboo as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price immediately after the auction.
An additional administration fee of £1200 inc VAT will be payable by the successful purchaser immediately after the auction.
Deposit Payment - The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amounts paid online) within 48 hours of the end of this online auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly. The remainder of the 10% deposit payment is handled by the buyer's solicitors and must be in their client account no later than 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.
Legal Pack - 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 enquiries prior to the auction. Prospective purchasers are strongly advised to inspect the legal documentation and to consult legal advice prior to bidding.
Solicitor Acting - Mr Sanjeev Harash of Messrs WBW Solicitors, The Manor House, High Street, Honiton EX14 1DJ
Completion Date - The completion date will be as dictated by the solicitor and included in the legal pack,
Definition Of Auction And Reserve - Guide price is an indication of the seller's expectation. Reserve Price is a figure below which the auctioneer cannot sell the lot at auction. We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Guide prices may change at any time prior to the auction.
Special Conditions Of Sale - Particulars, remarks and stipulations contained herein shall be deemed to form part of the special conditions of sale/auction information pack and in case of any inconsistencies the provision of the latter shall prevail. Special conditions of sale/auction information pack is available online. It is assumed that the Purchaser will have made all necessary enquiries prior to the auction.
Property information from this agent
About this agent
Stags Honiton office is situated in an elegant Grade II Listed Georgian townhouse on the main High Street. Honiton is conveniently located for easy access to London, Bristol and Exeter via the main Exeter to London (Waterloo) railway, the M5 motorway at Exeter and the A30/303 heading east. There are some excellent schools in the area including a number of good village primary schools and Colyton Grammar School, one of the top schools in England. Situated in an Area of Outstanding Natural Beauty, the historic market town of Honiton is surrounded by East Devon's fertile farmland, woods and rolling hills. Renowned for its antiques and lace making heritage, the town is within easy reach of the Jurassic Coast, which has been designated a World Heritage Site, and the pretty towns of Sidmouth and Lyme Regis, as well as small fishing villages such as Beer and Branscombe. Secluded courtyards and Georgian buildings line the High Street, where weekly local markets, selling a wide range of produce are held. The Honiton Collection Centre and Furniture Saleroom are located a short walk from the office.