5 bedroom apartment for sale
Key information
Property description & features
- Tenure: Freehold
- 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
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 [use Contact Agent Button] Telephone:[use Contact Agent Button].
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.
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.
Rooms
Launderette 4.37m x 11.58m
This measurement includes the rear service area.
Counter Servery 4.57m x 3.84m
Inner Rear Hallway
Boiler Room 3.7m x 3.45m
Staff Area 7.62m x 2.06m
With service door to rear. Sink unit and laminated work surfaces.
Stock Area 5.3m x 1.85m
With Staff Cloakroom with wash basin. Door to rear yard and upper garden area beyond.
Store 2.36m x 2.64m
Residential Accommodation
Hallway
With built in wall cupboard with electric meters.
Staits to First Floor
Rear Flat
Bedroom One 4.75m x 2.97m
Lounge 5.36m x 3.68m
Kitchen 5.23m x 5.49m
Door to outside and built in cupboard.
First Floor Flat
Lobby
Rear Open Plan Kitchen/Diner/Lounge area 4.65m x 3.4m
Bathroom WC
Bedroom One 4.72m x 2.34m
Bedroom Two / Lounge 4.72m x 2.77m
Stairs to Second Floor Top Flat
Large Inner Lobby Area
Lounge 3.63m x 3.05m
Bedroom One 3.86m x 2.57m
Kitchen 2.44m x 2.72m
Bathroom /WC
Bedroom Two 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
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.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference COM240018. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Webbers - Bideford.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.