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Retail property (high street)

Auction
Retail property (high street)
Added > 14 days

Features and description

  • This sale is conditional and is subject to confirmation by the seller, who will accept or decline the highest bid no longer than five working days from the bidding closing time 
  • By order of National Westminster Group
  • Freehold former bank premises totalling approximately 626.73 sq m (6,746 sq ft) and retail investment
  • Town centre location
  • Alternative use potential (subject to consents)
  • Suit investors/developers
  • £14,100 pax with part vacant possession vacant possession
  • BLOCK VIEWING AT 2pm on Tuesday 14th and 11am 21st MAY - by appointment book online
  • Online Auction on Thursday, 23 May 2024

No.11 Fore Street is a period corner building with a rear two storey extension, arranged over ground and basement totalling 531.63 sq m (5,722 sq ft) The former banking hall has high ceilings that incorporates the first floor windows, providing additional natural light to the unit.

No.13 consists of a ground floor and first floor retail investment t/a an estate agent (refer to the legal pack) totalling 95.10 sq m (1,024 sq ft) over the two floors. The upper floors are residential and have been sold off on a long lease (refer to the legal pack). There is a rear yard and car parking for about 4 cars.


Location:

Tiverton is the comemrcial and administritive centre of Mid Devon and lies approximately 14 miles north of Exeter and 30 miles south east of Barnstaple. It can be accessed via the A361, A3126 and A396 with the former providing direct access to the M5 motorway to the east at junction 27. Tiverton Parkway railway station provides regional rail links as well as regular direct services to London Paddington. Additionally numerous bus routes serve the area and Exeter Airport lies approximately 16 miles to the south.

Fore Street is one of the principle retail thoroughfares in the town centre running west from Bampton Street. The property lies on the south side of the street with nearby notable occupiers including Boots, EE, The Works, Barclays and Lloyds Bank.


Online Auction on Thursday, 23 May 2024. For further information, such as legal documents and property information, please visit bidx1.com.
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About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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