Description

A well-positioned and versatile property, offering both residential and commercial accommodation. Benefiting from easy access to principal roads of communication and the town of Yeovil. The site extends to approximately 1.11 acres and includes areas of garden and tarmacadam/concrete yard providing open storage.

The dwelling comprises a two-bedroom bungalow constructed within the last 20 years, with living accommodation extending over 1,260ft². The internal accommodation does require a slight degree of redecoration to part; however, has scope to provide a well-proportioned family home, including a potential extension (subject to necessary planning consent).

The commercial buildings either adjoin or are adjacent to the dwelling and provide clear span accommodation extending over 3,500ft² in total. The buildings are of modern construction and were previously occupied as workshop and storage in connection with a fabricating business.

Agent’s Note

The occupation of the dwelling is limited to a person solely or mainly employed or last employed in a business operated within the existing commercial buildings/yard, that form part of the subject property. Further details contained within the Auction Legal Pack.

Footpaths and Rights of Way

Subject to a right of way over the entrance driveway in favour of the neighbouring property known as ‘Colwyn House’. Further details contained within the Auction Legal Pack.

Council Tax Band (Dwelling): E

Rateable Value (Buildings): £5,600 from 1st April 2023

Heating: Oil and electric.

Services: We understand mains water and electricity are connected. Private drainage via biodigester shared with Colwyn House. Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services.

Tenure: Freehold with Vacant Possession on completion.

Completion

Completion has been set for 28th March 2024 or earlier by agreement.

Registering to bid and Administration fee

Cooper and Tanner require all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1295 inc VAT can be paid if you are successful. A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyer’s Administration fee is payable per lot purchased and applicable to all pre-auction sales. If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought. All checks required by current anti-money laundering legislation must be satisfactorily completed, as part of the registration process before prior approval to bid will be granted; this will include providing proof of funds.

Deposit

Successful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours of the auction. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from.

Ref: GPT/10789

Local Council: Somerset Council Telephone:[use Contact Agent Button]

VAT: The purchase price is not subject to VAT

Viewing: Block viewings by appointment only through either Cooper and Tanner, Glastonbury –[use Contact Agent Button] (Option 2) or Edwards Estate Agents, Yeovil –[use Contact Agent Button].

Solicitors:

Pardoes Solicitors, Taunton

Telephone:[use Contact Agent Button]

Nicola Hughes acting