Ideal builders/investors project

FOR SALE VIA ONLINE AUCTION

AUCTION ENDS FRIDAY 15th OF MARCH 2024 AT 12 NOON.

LOCATION

In a busy High Street trading position the premises are situated opposite the Halifax Building Society and nearby is a Tesco Express. It is in an excellent position for passing trade as it fronts onto the High Street and is highly visible at the southern end of the street.  

Barnstaple is recognised as North Devon's regional centre having a population in the region of 35,000 inhabitants and serving a rural hinterland with a population in excess of 127,000.  

The town is rapidly expanding with several new housing developments on the outskirts so the demand will subsequently increase along with the business benefits from a seasonal uplift in trade from locals and tourists alike.  

THE PREMISES

A Grade II listed town house arranged as a commercial property in need of complete refurbishment, new floors, ceilings, re-wiring etc. 

Most of the ground floor floorboards have been removed as have the ceilings. The rendering has been exposed down to the internal brickwork, lath, plasters and timber.

The ground floor offers around 1,021 sq ft of retail space with the first floor offering a large front room, rear landing of approx. 594 sq ft and to the second floor are 3 further rooms offering 741 sq ft. 

These premises (with the renovation completed) could be utilised for a number of trades and has been operated in the past as a charity shop, general store and a fashion shop. 

Alternatively the property has the potential to be used as a restaurant/catering use subject to the necessary planning consent. 

All planning enquiries should be made via the North Devon Council Planning Department. 

SELLERS SOLICITOR

BRADFORD LAW 

MARGARET BRADFORD 

The Arcade

69 High Street

Nailsea

Bristol

Somerset

BS48 1AW 

Tel: 01275 856 302

Email: [email protected]

AGENTS NOTE

Please note that recent remedial work undertaken at the property in 2023 does not comply with Listed Buildings Consent. Internal walls and a rear staircase have been removed without listed building consent. A planning enforcement case has been opened for the site reference: 13891. The unauthorised works will need to be addressed by a new owner. All enquiries should be made to The North Devon District Council 

Email [email protected] OR [email protected]

Mrs Beth Coles, Planning Officer Strategic Development & Planning, North Devon Council

Tel. 01271 388 407 www.northdevon.gov.uk

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 £353.10 + VAT to the Seller’s solicitors in reimbursement of search fees.