Lot 127 - MIXED RESIDENTIAL AND COMMERCIAL RE-DEVELOPMENT/INVESTMENT OPPORTUNITY

Sold £108,000

On the instructions of the Administrators and the Trustee in Bankruptcy

A deceptively extensive mixed commercial and residential property requiring comprehensive improvement having accommodation set over two, three and in part four storeys enjoying a prominent location in the town centre. The trading use of the immediate street frontage floorspace was up until recently a café with the rest of these sizeable premises being largely under-utilised or unused.

The potential is clear for a continuing commercial use from the Fore Street elevation with the floors above and the rear tenement having the look, subject to all necessary consents being obtainable, of a residential scheme in the form of cottages or flats or even a higher density room by room letting venture.

Local Planning Authority

South Somerset District Council: Tel: 01935 462462. Website: southsomerset.gov.uk.

Ground Floor Front

Café comprising reception area, servery, seating area and W.C. facilities.

Ground Floor Rear

Studio flats and additional rooms.

First, Second & Third Floors

A vast array of rooms, some with cloakroom facilities.

Outside

Small yard.

Auctioneer's Note 1

For information relating to the commercial elements rateable value and other available data go to www.gov.uk/correct-your-business-rates and enter the postcode for the property into the appropriate search field.

Auctioneer's Note 2

A copy of the floor plan is available from the Auctioneer's Office.

Video

To see a video of the property click here

Freehold with Vacant Possession

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/